Sukuk issuances rise to RM199.9 bil in 2018

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KUALA LUMPUR (March 14): Malaysia’s government and corporate Sukuk issuances increased to RM199.90 billion in 2018, as compared to RM168.68 billion the year before.

Of this, RM72.68 billion were issued by the corporate sector, which was lower than 2017’s Sukuk issuance of RM87.65 billion, said the Securities Commission Malaysia (SC) in its 2018 Annual Report.

It said Sukuk outstanding was worth RM844.21 billion last year, up from the RM759.64 billion recorded in 2017.

However, the percentage of Sukuk to total issuances (bond and Sukuk) declined to 51.80% in 2018, from 53.05% in 2017.

Similarly, the percentage of Sukuk to total issuances (bond and Sukuk) by corporate sector dropped to 68.92% in 2018, as compared to 70.9% in 2017.

A total of 32 ringgit-denominated Sukuk were approved last year, lower than the 47 Sukuk approved in 2017.

Meanwhile, total market capitalisation of shariah-compliant equities dropped to RM1.037 trillion, from RM1.134 trillion.

This represented 60.96% of total market capitalisation, which however was higher than the 59% in 2017. 

Overall, the size of the Islamic Capital Market (ICM) stood at RM1.88 trillion, down from RM1.89 trillion in 2017. — Bernama