Malaysia is leading the Persian Gulf in the global sukuk market this year with 78 per cent of total issuance amid a surge in government-backed debt as Prime Minister Datuk Seri Najib Razak seeks re-election. Malaysia’s Education Fund will price RM1.5 billion of state-guaranteed Islamic bonds today, which will take sales in 2013 to US$4.3 billion, compared with US$1.2 billion in the Gulf Cooperation Council (GCC). The government has backed US$10.7 billion of the securities since the start of 2012, double the previous year.
Malaysia tops Persian Gulf on Sukuk
No comments:
Post a Comment