Malaysia remains the global leader in the sukuk market, accounting for 70.5 per cent of the US$75 billion of new sukuk
issued globally, in the first eight months of the year.
The country is also a domicile for 63.6 per cent of the US$275.2 billion of the total sukuk outstanding globally as at end-August 2013.
The Finance Ministry, in its Economic Report 2013/2014 released today, said sukuk issuance continued to be a significant source of financing in the Islamic capital market and provided opportunities for corporates to tap into new sources of liquidity in the region.
The report is issued in conjunction with the tabling of the 2014 Budget in Parliament today by Prime Minister Datuk Seri Najib Razak, who is also Finance Minister.
"Bursa Malaysia continued to be ranked as the top exchange for sukuk listings valued at US$32.3 billion or RM106.6 billion, with a total of 19 sukuk listed.
"Similarly, Bursa Suq Al-sila', an end-to-end Shariah compliant commodity murabahah trading platform, attracted increasing foreign interest, especially from the Middle-East," it said.
The ministry also said as at end-August 2013, Bursa Malaysia Islamic services registered a total of 74 participants comprising 56 commodity trading participants, 14 commodity supplying participants and four commodity executing
And, as of August 2013, RM311.8 billion worth of commodities were offered with RM579.4 billion traded.
Meanwhile, MOF said Malaysia's Islamic banking industry had shown
significant growth over the last five years, with assets doubling from RM251 billion in 2008 to RM494.6 billion in 2012.
"As at end-August 2013, the market share of Islamic banking assets grew 13 per cent to RM542.5 billion from RM494.6 billion at end-August 2012," it added.-- Bernama