MARC: Malaysian Corporate Sukuk to See Slow Growth in 2020

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Malaysian corporate Sukuk in the current COVID-19 crisis are faring better than during the global financial crisis or the Asian financial crisis, according to Malaysian Rating Corporation’s (MARC) Chief Ratings Officer, Rajan Paramesran.

Speaking at a recent webinar on the impact of COVID-19 on Islamic Finance in Malaysia, Paramesran stated that corporate Sukuk had relatively stable cashflow metrics, giving leeway to absorb immediate performance weakness without affecting their credit risk profiles. However, the ability of corporates to be able to withstand the impact is dependent on the severity and duration of the economic crisis, Paramesran added.

According to MARC, corpor...