04.04.2011 - Malaysia leading Sukuk destination
The overall figures suggest that 2010 witnessed a recovery in the Sukuk market with total global issuance reaching $30bn: double the figure for 2008. While the GCC Sukuk market languished during 2009, Malaysia motored ahead. Of the total value of Sukuk issued in 2010 about $8.6bn was listed on Bursa Malaysia which accounted for about 30% of total global issuance. Among the notable listings were Sime Darby's RM4.5bn ($1.49bn) Musharakah Sukuk, the Malaysian government's $1.25bn Global Sukuk Al-Ijarah and the Islamic Development Bank's $3.5bn Sukuk. This helped Bursa Malaysia maintain its lead position as a Sukuk listing destination..............................................Full Article: Source
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