Malaysia still lead in global sukuk

KUALA LUMPUR: Malaysia maintained its pole position in global sukuk, accounting for 52.9% or US$154.5bil of the total outstanding value of global sukuk.

According to a RAM Ratings’ Sukuk Snapshot report, the value of outstanding Malaysian sukuk climbed 0.24% to RM583.4bil as at end-September 2015, from RM582bil a month earlier.

The issuance of corporate debt securities stood at RM60.7bil in the first nine months of 2015, with sukuk making up 43% of RM25.9bil.

“Sukuk continues to account for the bulk of the domestic debt capital market with 53.1% of the outstanding value, said RAM’s head of islamic finance Ruslena Ramli in a statement on Tuesday. 

Outstanding global sukuk amounted to US$292.1bil as at end-September, following US$6.2bil of net issuance in the same month. 

Sukuk Snapshot is a monthly publication designed as a quick reference point for sukuk data and trends that monitors developments in the Malaysian and global sukuk market.