MCRA: Govt’s plan to delete ‘PR’ in Malaysia’s citizenship laws will affect ‘red IC’ natives’ children the most, remove foundlings’ protectionKUALA LUMPUR, March 25 — The Islamic Capital Market , demonstrating steady growth, expanded by 4.5 per cent year-on-year from RM2.32 trillion in 2022 to RM2.43 trillion as of the end of 2023.
This comprises Shariah-compliant securities with total market capitalisation of RM1.16 trillion, and sukuk with total amount outstanding of RM1.27 trillion. In the sukuk market, the SC said corporate sukuk issuances represented 77.25 per cent of total corporate bonds and sukuk issuances while corporate sukuk outstanding accounted for 83.96 per cent of total corporate bonds and sukuk outstanding.
“Corporate SRI sukuk issuances in 2023 amounted to RM8.68 billion, which was 9.50 per cent of total corporate sukuk issuances, while corporate SRI sukuk outstanding increased to RM26.32 billion as of December 2023 , constituting 3.75 per cent of the total corporate sukuk outstanding,” it said.