07.02.2012 - Malaysia developing into a major islamic bond market
As shaky prospects for the global economy continue, Malaysia's bond market stands out by becoming the Islamic finance center for Asia with smart regulation and a growing ecosystem around Islamic finance, said Standard & Poor's Ratings Services in a report today, titled "Development Of Malaysia's Bond Market Is Still Assured Despite Global Turmoil." Approximately 70% of Malaysia's domestic debt issuance is in the form of sukuks (financial certificates, similar to bonds, that are compliant with Islamic law), making it the world's largest Islamic bond market with over 60% of global sukuk issuance originating from Malaysia.............................................Full Article: Source
Print