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Malaysia tops in global sukuk issuances in 2020, most linked to SRIs 10 Mar 2021 / 09:31 H.
KUALA LUMPUR: Malaysia took the lead as the largest sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (
pix) 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 or approximately US$258 billion.
“The country has seen more sukuk issuances that are tied to the principles of Sustainable and Responsible Investments.
“From funding renewable energy infrastructures 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 i
“From funding renewable energy infrastructures 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, ” Tengku Zafrul said in special address at the 16th Kuala Lumpur Islamic Finance Forum (KLIFF) held virtually yesterday.
KUALA LUMPUR: Malaysia took the lead as the largest sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Tengku Datuk Seri Zafrul 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 or approximately US$258bil.
KUALA LUMPUR, March 9 Malaysia took the lead as the largest Sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said. Citing a report by the Malaysia.
BIMB Investment chairman Mohamed Ridza Mohamed Abdulla said the Makmur myWakaf Fund is unique as it combines Shariah-based principles in mobilising funds for the betterment of society.
KUALA LUMPUR: BIMB Investment Management Bhd launched the Makmur myWakaf Fund (MWF) on Wednesday which is for investors who wish to channel a part of their investment returns for wakaf purposes to underprivileged communities in Malaysia.
BIMB Investment is the first fund management company to structure and design a wakaf unit trust fund, hence, introducing a new investment dimension into the fund management industry in Malaysia.
In a statement, BIMB Investment, a unit of Bank Islam Malaysia Bhd, said this is the first Wakaf featured unit trust fund under the Securities Commission Waqf-Featured Fund Framework that was introduced on Nov 12,2020.