Malaysia Leads in Issuance of Sukuk Bonds

Kuala Lumpur:- Malaysia is leading in issuance of Sukuk bonds with a ratio of 1:1 as compared to conventional bonds. Assistant Vice Chancellor, University of Utara Malaysia (UUM), Dr Yusnida Ibraheem said this in her keynote address at a two-day moot on Research, Economics and Social Sciences at IMS Executive Hall of BZU here Monday. She informed that 63 per cent of Malaysian population was Muslim, adding that her country contributed lion’s share for issuance of Sukuk bonds. The economy of Malaysia was in hand of Chinese, she said and added that government offered different incentives for Sukuk marketing. The Assistant VC said that Sukuk was alternative to conventional bonds.