: The Islamic Capital Market and the demand for Shariah-compliant products is expected to strengthen in the future, supported by its appeal to a broader group of investors, despite the challenging economic climate.
The growth is primarily contributed by household sector financing, which increased by 8.7 per cent to RM490.9 billion, mainly for the purchase of residential properties, it noted. As at end-July 2020, MOF said the domestic ICM was valued at RM2.2 trillion, accounting for 66.2 per cent of Malaysia’s RM3.3 trillion total capital market; while sukuk issuances account for RM130.8 billion or 60.2 per cent of total bond issuances.While Malaysia continued to account for the largest share of global sukuk outstanding at 45.6 per cent as at end-June 2020, MOF said the turmoil in the global market has affected the ICM’s performance.