Sukuk Vital for Driving Malaysia’s Green and Sustainable Projects: Bank Negara Malaysia

Speaking at the Financing Climate Action Conference held in Malaysia on the 20th of October 2020, Bank Negara Malaysia (BNM) Assistant Governor, Fraziali Ismail, stated that Malaysia’s Sukuk market, which is a high-growth sub-segments of the country’s Islamic finance industry has a crucial role in facilitating the growth of the green technology sector.

According to Ismail, Islamic financing could be an enabler of Malaysia’s sustainable development, by providing a funding source for activities or technologies that contribute towards a low-carbon and climate-resilient society. Ismail added that Malaysia remains the leader when it comes to green Sukuk, the chosen mode for investors seeking investments wit...