Malaysia continues lead in global sukuk market: RAM Ratings

The latest edition of RAM Ratings’ Sukuk Snapshot reports that the value of outstanding Malaysian sukuk edged up 0.24% to RM583.4 billion as at end-September 2015, from RM582 billion a month earlier. Overall, the issuance of corporate debt securities came up to RM60.7 billion in the first nine months of 2015, with sukuk making up 43% or RM25.9 billion.

"Sukuk continues to account for the bulk of the domestic debt capital market with 53.1% of the outstanding value,” observes Ruslena Ramli, RAM’s Head of Islamic Finance. Globally, outstanding sukuk summed up to USD292.1 billion as at end-September 2015, following USD6.2 billion of net issuance that same month. Notably, Malaysia maintained its lead with 52.9% (equivalent to US$154.5 billion) of the total outstanding value of global sukuk.

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The Sukuk Snapshot is designed as a quick reference point for sukuk data and trends. To subscribe, contact Ain at +603 7628 1108 or Faiez +603 7628 1104.