Malaysia continues to lead the world sukuk market, accounting for 45% of total issuance, as the country celebrates the 40th anniversary of Islamic banking this year.
“In terms of Islamic funds, Malaysia remains one of the top three countries in the world with more than 29% of total assets under management,” he said at the Kuala Lumpur Islamic Finance Forum today. The Malaysia’s Islamic finance system, he added, has evolved into a global model of excellence, encompassing banking, capital markets, and sukuk, which plays a pivotal role in the nation’s economic development and sustainability.
“All these efforts aim to make the Islamic finance system in Malaysia better and capable of maintaining Malaysia’s position as a global leader in Islamic business,” he remarked.