MALAYSIA - CAPITAL MARKETS - Sukuk market set to break 1 trillion-ringgit barrier in Malaysia

The total Malaysian Islamic capital market (ICM) is projected to reach almost three trillion ringgit, RM2.88 trillion to be precise, in the year 2020, with the sukuk market set to break the one trillion-ringgit barrier to account for RM1.33 trillion worth of issuances and the market capitalization of Shariah-compliant companies accounting for RM1.55 trillion. (source)

MALAYSIA - FINANCE - Malaysian Khazanah fund company, Integrated Healthcare, doing interviews for investment in Turkey in the field of health.

DUNYA.COM - KUALA LUMPUR - Malaysian state fund Khazanah Nasional'in, Acıbadem, reportedly conducted talks to buy shares.

According to news sources and based on one of Reuters'un, Khazanah'ın health units, 70 percent owned by Deutsche Bank is the Integrated Healthcare, consultant talks.

Integrated Healthcare is the recipient of multiple sales of items in stock and is one of the groups interested in the news, said the process can be completed in December. (source)

MALAYSIA - CAPITAL MARKETS - Malaysia Delays Issue in Offshore Yuan Bond Market

WSJ WALL STREET JOURNAL  - HONG KONG—The Malaysian government's investment holding arm Khazanah Nasional Bhd., which is looking to issue as much as $78.3 million in yuan-denominated Islamic trust certificates, or sukuk, postpone the pricing of the bond due to volatile market conditions, people familiar with the situation said Thursday. (source)

MALAYSIA - CAPITAL MARKETS - Malaysia Looks to Offshore Yuan Bond Market

WSJ Wall Street Journal - HONG KONG—The Malaysian government's investment holding arm Khazanah Nasional Bhd., which is looking to issue as much as $78.3 million in yuan-denominated Islamic trust certificates, or sukuk, will not price the bond Thursday due to volatile market conditions, people familiar with the situation said Thursday.

The planned bond issuance, which could make it the first quasi-sovereign Asian entity to tap the burgeoning yuan market outside of China, will have to wait until market conditions improve, the people said.(source)

MALAYSIA - CAPITAL MARKETS - IFR-Khazanah readies yuan-denominated sukuk

(The following story was in IFR Asia magazine, a Thomson Reuters publication, on Sept. 17.)

By Nethelie Wong

HONG KONG, Sept 17 (IFR) - Malaysia's Khazanah Nasional is set to make history through a small, but path-setting sukuk in the offshore renminbi market. Last week, the government investment arm mandated BOC International, CIMB Bank and RBS to lead the first-ever Islamic financing in Hong Kong's booming Dim Sum market. (source)

SINGAPORE - Sabana REIT, Khazanah sukuk to jumpstart Singapore sharia finance

SINGAPORE - More Singapore companies are keen to raise Islamic financing after a landmark sharia REIT and local currency sukuk from Malaysia's Khazanah Nasional stirred the city-state's interest in wholesale Islamic banking, OCBC Al-Amin said on Thursday. (source)

SINGAPORE - Singapore eyes big role in Islamic finance

Is the so-called impressive growth of Islamic finance in Asia more to do with hype than reality? Leaving aside the core markets of Malaysia and perhaps Brunei, where most of the recent developments in Islamic banking have been confined, nothing much is happening in the rest of Asia. At best it is work in progress with governments and regulators either consulting or reviewing existing legislation to see how best tax neutrality and other measures can be introduced for the facilitation of Islamic financial products.

SUKUK - Sukuk Developments: Hybrid Structures and Malaysian Expansion

Qatar’s $3.5 billion conventional bond issue may be the season’s most noteworthy Islamic finance deal. Malaysia, issuer of 75% of the world’s sukuk, has flexed even more muscle as it branches into the nascent Islamic finance market of neighboring Singapore. Anecdotally, these offerings are noteworthy; collectively, they may help ameliorate some high-profile setbacks for the industry.  The world sukuk market seems to have regained its footing. Thomson Reuters data show that global issuance from 2007-2009 dipped from $46.2 billion in 2007, to $39.6 billion in 2008, and back up to $46.3 billion in 2009. For the 12 months ending May 2010, sukuk issuance stands at $45.1 billion, with the summer’s major sukuk not yet included.