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Economy

Malaysia's infrastructure push to keep sukuk issues steady

Data show Islamic finance made up 60% of $31 billion raised via debt last year

KUALA LUMPUR (Nikkei Markets) -- Malaysia's continued infrastructure push amid a steady economic growth is likely to keep issuance of sukuks steady this year and cement the Southeast Asian nation's position as one of the biggest players in global Islamic finance market.

"We expect Malaysia to continue its momentum in sukuk issuances in both the corporate and sovereign bond space," said Kenanga Investment Bank's Executive Director Roslan Tik, "given the increase in funding requirements by corporates as well as the rise in infrastructure projects."

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