Last year Malaysia accounted for 72.5% of total sukuk issued globally. The trend continues unabated this year though the country still has some way to go to become a truly international hub.
Nonetheless, it has become a singular entity with clear prospects, based on a robust regulatory infrastructure, a buoyant domestic issuance market and related institutions, which have set a consistent and enviable run of benchmarks for sukuk issuance. The success of Malaysia in establishing a pre-eminent position in Islamic finance is not happenstance………………………………………..Full Article: Source