Monday, June 13, 2011

CAPITAL MARKETS - Malaysia has 65% of global sukuk market

SINGAPORE: The global sukuk market recently crossed US$134bil in issuances with Malaysia leading the way with a 65% share followed by Middle East countries with 26% market share.

Bank Indonesia deputy governor Dr Halim Alamsyah said the market was “emerging” in various countries in the Middle East and Asia.(source)


“However, the world sukuk market is dominated by short-term sukuk tenor which is 55%, while the long-term tenor (for example more than 10 years tenor) is only 20%,” he said in his keynote address at the 2nd Annual World Islamic Banking Conference here.

Halim said Indonesia’s sukuk market was also progressing, with a nominal amount of US$6.2bil as of May 2011 and an annual growth of 9.3% seen in 2010. — Bernama

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