The Malaysian sukuk market will see more ringgit-denominated sukuk issuance by investors from Europe and Gulf Cooperation Council (GCC) countries next year, said Amanie Advisors Sdn Bhd director, Baiza Bain.
He said on Thursday this would result in an increase of up to 67% in Malaysia’s contribution to global sukuk issuance. Malaysia accounted for 62.7%, or US$179.1 billion, to global sukuk issuance as of first half of this year with Islamic banking assets worth RM389.3 billion as at end-July, 2011………………………………………..Full Article: Source