05.06.2015 - M’sia’s ethical sukuk adds to market width but depth elusive
Malaysia’s efforts to create a market for ethical Islamic bonds (sukuk) are the latest in a series of government-led initiatives to develop Islamic finance, but further expansion will require a greater buy-in from a sometimes reluctant private sector. Last month, sovereign wealth fund Khazanah Nasional Bhd (Khazanah) launched the country’s first sustainable and responsible investment (SRI) sukuk, nearly two years after the format was first announced by the government. “Until now, nobody has done it. If we don’t take this challenge, then I don’t think anyone would be doing it,” Khazanah’s chief financial officer Mohd Izani Ghani said in a phone interview. “We have done many firsts before and it is always challenging,” said Izani. ..............................................Full Article: Source
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