RAM: Q1 global sukuk issuance at US$22.2bil

This is the second consecutive year that RAM Ratings has been honoured as Rating Agency of the Year, Malaysia by The Asset.

KUALA LUMPUR: Global sukuk issuance reached US$22.2 billion (US$1=RM4.33), as at end-March, a marginal decrease from US$24.1bil recorded in the same period last year, with Malaysia maintaining its leadership by accounting for 38.5% of the total issuance, says RAM Ratings.

In a statement, the ratings agency said Indonesia was next (24.7%) followed by Qatar (9.9%) and the United Arab Emirates (9%).