| The total Malaysian Islamic capital market (ICM) is projected to reach almost three trillion ringgit, RM2.88 trillion to be precise, in the year 2020, with the sukuk market set to break the one trillion-ringgit barrier to account for RM1.33 trillion worth of issuances and the market capitalization of Shariah-compliant companies accounting for RM1.55 trillion.
The fact that the compound annual growth rate (CAGR) for the ICM for the decade 2010-2020 is projected at a healthy double digit 10.6 percent compared with 13.6 percent for the previous decade suggests that the growth prospects for the most developed Islamic capital markets in the world is indeed sustainable and exciting..............................................Full Article: Source |