Malaysia leads global Sukuk issuances in 2020, most tied to SRIs - Tengku Zafrul
Malaysia accounted for more than 45 per cent of the world's outstanding amount or approximately US$258 billion. Astro AWANI pic
KUALA LUMPUR: Malaysia took the lead globally with the largest Sukuk market in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
Citing a report by the Malaysia International Islamic Finance Centre (MIFC), he said Malaysia accounted for more than 45 per cent of the world's outstanding amount or approximately US$258 billion.
"The country has seen more Sukuk issuances that are tied to the principles of Sustainable and Responsible Investments.
"From funding renewable energy infrastructures such as solar and hydro, to supporting social purposes, such as micro financing and education, Malaysian Sukuk issuers have acquired an appetite for such ventures, reflecting an increasingly strong commitment towards a sustainable future through Islamic financing products," he said in special address at the 16th Kuala Lumpur Islamic Finance Forum (KLIFF) held virtually Tuesday.
-- BERNAMA
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