Sukuks rise as pillars of global finance

Malaysia leads the charge in promoting wider distribution of the Islamic bonds, with US investors starting to feature more prominently in allocations.

Sukuks rise as pillars of global finance

Considered the world’s largest Islamic finance hub, Malaysia has been proactive in extending the reach of Islamic bonds beyond its shores.

Since the beginning of 2015, there have been two landmark Malaysian Islamic bonds, also known as sukuk a $5 billion multi-tranche deal from the Southeast Asian nation’s state-owned oil company Petronas and a $1.5 billion dual-tranche Islamic bond from the Government of Malaysia.

These instruments, which comply with Islam’s ban...

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