The world(a) Sukuk commercialise, denominated in international currencies, is estimated to be $18 trillion. If municipal sukuk issuance is included, it has now exceeded $50 billion. Although the size of the securities industry may seem modest by global standards, the sukuk market has been registering an average growth of 40% per annum and for 2012, the growth for first fractional is 36%. High levels of surplus savings and reserves in Asia and Gulf region has that boosted demand for Sukuk. Asia has a savings rate which is higher than any other region in the world and is expected to rebriny between 30 and 40 per cent of GDP for many years to come. The Middle atomic number 99 and in Asia, two of the fastest growing regions in the global economy are expected to spend $500 billion and $1 trillion respectively on stem all over the next five years, Moslem capital market, in crabbed the sukuk market, will serve as an important avenue to bring these funding requirements. (Source: Dr Zeti Akhtar Aziz, Governor, argot Negara Malaysia, Sukuk Summit 2007, London Khaleej Times (June 22, 2007))
To further strengthen the development of the sukuk market in Malaysia, the Government embarked on a long term strategy for the nation as outlined in the Capital Market Masterplan (CMP) launched in October 2011.
The main objective of the CMP is to establish Malaysia as an international centre of Islamic Capital activities.
For 2012, with the rapid progress seen in first one-half of the year by the sukuk worldwide indicates that at least $ ascorbic acid billion of sukuk will be sold out by the end of the year which would be make it as a record of the years. Malaysia continued to dominate with generous issues to fund infrastructure development. After the huge issues from Projek Lebuhraya Utara-Selatan Berhad (PLUS) in January and besides the regular issues from Bank Negara Malaysia, Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) closed a RM3.5 billion sukuk program in the domestic market. Malaysia...If you want to get a full essay, order it on our website: Ordercustompaper.com
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