Sultan Nazrin: Islamic capital market proved resilient during pandemic

Sultan of Perak, Sultan Nazrin Shah said: "There was strong momentum in key sukuk markets, especially during the first nine months of 2020."

KUALA LUMPUR: The Islamic capital market has proved resilient during the COVID-19 pandemic and created an enormous impact on economies around the world, with global sukuk issuances growing in 2020, said Sultan of Perak, Sultan Nazrin Shah.

He said a total of US$172.1 billion sukuk was issued last year, an increase of 1.8 per cent from 2019.