Malaysia maintains pole position in global Islamic capital market

Malaysia is also the largest sukuk issuer in the world, says Deputy Finance Minister Amiruddin Hamzah.

PETALING JAYA: Malaysia maintained its position as global leader in the Islamic capital market valued at RM1.88 trillion at the end of 2018, which constitutes 61% of the local capital market.Deputy Finance Minister Amiruddin Hamzah said that last year, a total of RM882.30 million green bonds and sukuk were issued through the Malaysian capital market for environmental benefits.

Speaking at the 44th Islamic Development Bank board of governors’ annual meeting in Morocco recently, he said Bank Negara Malaysia had also issued a strategy paper on value-based intermediation, which underlined strategies to strengthen the roles and impact of Islamic banks towards a sustainable financial ecosystem.

“It is our sincere desire that Malaysia’s experience will be an encouragement to our fellow member countries as we work together to transform and build our respective economies,” he said. The Islamic Development Bank group comprises 57 countries, including Saudi Arabia, Libya, Iran, Nigeria, United Arab Emirates, Qatar, Egypt, Kuwait, Pakistan, Indonesia, Malaysia, Brunei and Kazakhstan.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia remains leading Islamic capital market, says deputy finance minister | Malay MailKUALA LUMPUR, April 8 — Malaysia remains as a global leader in the Islamic capital market with RM1.88 trillion as at end-2018, representing approximately 61 per cent of Malaysia’s overall capital market, says Deputy Finance Minister Datuk Amiruddin Hamzah. Building on its strength in the...
Source: malaymail - 🏆 1. / 86 Read more »

Join the conversation at SIDC’s Capital Market ConferenceSecurities Industry Development Corporation (SIDC) is hosting a Future Business Ideas (FBI) 2019 Conference happening on April 24, 9am at Securities Commission Malaysia with the tagline “Business Innovation Re-Imagined” and the Government of Sarawak, Chief Minister Department advisor Ehon Chan as the event’s moderator.
Source: staronline - 🏆 4. / 75 Read more »

Do you know ... about the property market in Malaysia?Hera are some facts about the property market in Malaysia. Next 12 months property market will
Source: staronline - 🏆 4. / 75 Read more »