Malaysia dominates global sukuk


After Malaysia, the next biggest sukuk markets were Saudi Arabia (20.4%) and Indonesia (17.5%). Collectively, these markets contributed 77.1% of total global sukuk issuance, RAM Ratings said.

KUALA LUMPUR: Malaysia continues to dominate global sukuk markets in 2020, with a market share of 39.2%, despite the impact of the pandemic on the global economy and economic sentiment.

According to RAM Rating Services Bhd, global sukuk issuance rose 16.8% to US$152.6bil (RM632.91bil) last year from US$130.6bil in 2019.

After Malaysia, the next biggest sukuk markets were Saudi Arabia (20.4%) and Indonesia (17.5%). Collectively, these markets contributed 77.1% of total global sukuk issuance.

“The contagion impact of Covid-19 saw steady issuances from sovereigns in 2020 to finance stimulus packages in support of the pandemic-ravaged economies. Supportive monetary policy and strong government spending were key in boosting local economies, ” it said in a statement.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Ram Ratings , sukuk , malaysia , dominates , global sukuk ,

   

Next In Business News

Thai Airways aims for 2024 completion of restructuring
Labour issues dominate businesses
Education needs to be realigned to meet industry demand
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess
GST net collection may not be as high as thought
Powerwell puts business back on track
Greenyield’s Papua New Guinea acquisition explained
EVD debuts on ACE Market at 26 sen
Dnex unit takes delivery of FPSO from Teekay
Berjaya Assets appoints new chief executive

Others Also Read