Sukuk market to pick up from now onwards


Fund launched: Sandeep (left) with Hanifah at the launch of Franklin Templeton GSC Asset Management Bhd’s first syariah retail fund in Malaysia.

KUALA LUMPUR: Franklin Templeton GSC Asset Management Bhd is expecting the sukuk market to pick up from this quarter onwards after sales for Islamic bonds slumped in the third quarter of this year.

Head of Malaysia fixed income and sukuk Hanifah Hashim said the infrastructure projects in the pipeline would revive the Islamic bond market moving forward.

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