KUALA
LUMPUR: Malaysia is still the global runaway leader in the sukuk
market,accounting for 68 per cent of the total global sukuk outstanding and 71
per cent market Share
of the sukuk issued as at end-July.
Bursa
Malaysia remained the top sukuk listing destination, with 19 listed totalling
RM99.6 billion (US$31.7 billion) as at end-July, according to the 2012/2013
Economic Report released by the Finance Ministry.
Malaysia
also remained among the global leaders in the Islamic finance management
industry with the number of full-fledged Islamic fund management companies at
18 at end-July, it said.
The
net asset value of Islamic unit trust funds at end-July stood at RM33 billion
(RM28 billion at end 2011) and the Islamic wholesale funds at RM14 billion (RM7
billion at end-2011).
It
said at end-July, 825 Syariah-compliant securities were listed on Bursa
Malaysia, representing 89 per cent of the total listed securities with a market
capitalisation of RM931 billion.
The
report also said the Islamic banking business in the country will continue to
expand, with total assets growing 20.6 per cent to RM469.5 billion as at
end-July, representing 24.2 per cent of the total banking system assets
(end-2011: 24.1 per cent).
The Takaful
industry assets have increased to RM18.3 billion at end-July against RM16.9
billion last year.
It accounted
for nine per cent of the total insurance and takaful assets as compared with
8.6 per cent in the January to July period.
(Berneo Post Online / 28 Sep 2012)
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Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Consultant-Speaker-Motivator: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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