KUALA LUMPUR – Malaysia took the lead globally with the largest Sukuk market in 2020, with most of the issuances tied to the principles of sustainable and responsible investments (SRIs), Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said.
Citing a report by the Malaysia International Islamic Finance Centre (MIFC), he said Malaysia accounted for more than 45% of the world’s outstanding amount, approximately US$258 billion (RM1.06 trillion).
“The country has seen more sukuk issuances that are tied to the principles of SRIs.
“From funding renewable energy infrastructure, such as solar and hydro, to supporting social purposes, such as micro financing and education, Malaysian sukuk issuers have acquired an appetite for such ventures, reflecting an increasingly strong commitment towards a sustainable future through Islamic financing products,” he said in special address at the 16th Kuala Lumpur Islamic Finance Forum held virtually today. – Bernama, March 9, 2021
