atans1

M’sia dominates global sukuk issuance mkt

In Malaysia on 14/04/2012 at 6:21 pm

It had 68.8% share of the US$84.4bn of sukuks issued (sukuk is a form of Islamic bond) in 2011  And Islamic banking assets make up around a quarter of the country’s total. Given Indonesia’s tiny share of this mkt (3.7%), and Indonesia’s growing stature as a major emerging economy in Asia and the world, the sukuk market can only grow, making KL a future major global centre along the lines of Zurich, Edinburgh, or Boston i.e. a global centre of one type or a related group financial products.   

http://www.economist.com/blogs/graphicdetail/2012/04/focus-2

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