Bursa Malaysia topped the world’s exchanges in terms of value of sukuk programme listings in
2009, recording a total of USD17.6 billion. Since its inaugural sukuk listing in August 2009, the
Exchange listed 12 sukuk by end of December 2009 which contributed towards this development.
Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, “Despite the slow
down in trading activities and issuances in 2009, Bursa Malaysia has marked a new era of sukuk
listings. Our expedient achievement is reflective of Malaysia’s significance in the world of
Islamic capital markets. Bursa Malaysia will continue to facilitate investors with the most
conducive Islamic platform and will strive to remain in the leading position of sukuk listing
worldwide.”
He added that the positive commitment shown by market participants is a reflection of their confidence in the Islamic capital market underlined by a high level of governance and transparency, where issuers are provided with the access to greater profiling opportunities on Bursa Malaysia.
The first sukuk listing on Bursa Malaysia was registered in August 2009 with the inaugural US Dollar (USD) listing led by Petroliam Nasional Bhd (PETRONAS) Al-Ijarah Sukuk and Ringgit Malaysia (RM) listing by Cagamas MBS Bhd (Cagamas MBS) Islamic papers.
In November 2009, GE Capital Sukuk Ltd issued its first foreign sukuk of USD500 million on the
bourse.
December 2009 saw the listing of CIMB Islamic Bank’s RM2 billion subordinated sukuk programme while Khazanah Malaysia listed its outstanding sukuk programme amounting to USD 14 billion.
Malaysia has over 30 years of experience in Islamic finance and is the world’s largest sukuk origination centre driven largely by an investor-friendly regime, as well as a robust regulatory and Shari’ah framework propelled by heightened promotional efforts under the Malaysia International Islamic Financial Centre (MIFC) initiative.