The global sukuk market is expected to set a new record of close to US$125 billion this year, with Malaysia to remain the dominant market despite the anticipated issuance rise in the Gulf Cooperation Council (GCC) countries.

Prof Dr Malik Muhammad M. al Awan, Sharia Adviser, Hong Leong Islamic Bank and Hong Leong MSIG Takaful Bhd, said total global sukuk issuance in the first quarter this year amounted to US$43 billion, of which Malaysia’s sukuk issuance was US$30 billion………………………………………..Full Article: Source