Malaysia Leads Global Sukuk Market in 2020 with a Market Share of 45.1%: IIFM

The International Islamic Financial Market (IIFM) launching the 10th anniversary edition of its Annual Sukuk Report in 2021, stated that the global Sukuk issuance of 2020 amounted to a record high of USD 174.6 billion and Malaysia had a market share of 45.1% of global Sukuk outstanding.

Why it Matters?

The domestic Sukuk market in Malaysia forms a strong platform for the Government of Malaysia and corporate entities to raise funds to finance diverse economic, business and infrastructure developments. According to Khalid Hamad Al Hamad, Chairman of IIFM, the impact of the pandemic was limited to a few corporate issuers, with Sukuk remaining an attractive instrument overall, continuing its positive growth trajectory during the first half of 2021. The pos...