ID :
99441
Tue, 01/12/2010 - 00:43
Auther :
Shortlink :
https://oananews.org//node/99441
The shortlink copeid
MALAYSIA EXCHANGE WORLD`S TOP BONDS LISTING DESTINATION
KUALA LUMPUR, Jan 11 (Bernama) -- Malaysia Exchange is the top exchange in
the world in terms of the value of sukuk (bonds) listings last year of US$17.6
billion (US$1=RM3.32).
In a statement here Monday, its chief executive officer, Yusli Mohamed
Yusoff, said since its inaugural sukuk listing in August 2009, the bourse has
listed 12 sukuk by end-December 2009.
He said despite the slowdown in trading activities and issuances in 2009,
Malaysia Exchange has marked a new era for sukuk listings.
"Our achievement is reflective of Malaysia's significance in the world of
Islamic capital markets," he said.
Yusli said Malaysia Exchange would continue to facilitate investors with the
most conducive Islamic platform and would strive to remain in the leading
position of sukuk listing worldwide.
"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 access to greater
profiling opportunities on Malaysia Exchange," he said.
He said Malaysia has over 30 years of experience in Islamic finance and was
the world's largest sukuk origination center driven largely by an
investor-friendly regime as well as robust regulatory and syariah framework
propelled by heightened promotional efforts under the Malaysia International
Islamic Financial Centre initiative.
The first sukuk listing on Malaysia Exchange was registered in August 2009
with the inaugural US dollar-listing led by Petrolian Nasional Bhd's Al-Ijarah
Sukuk and ringgit listing by Cagamas MBS Bhd Islamic papers.
In November 2009, GE Capital Sukuk Ltd issued its first foreign sukuk of
US$500 million on the bourse.
December saw the listing of CIMB Islamic Bank's RM2 billion subordinated
sukuk programme while Khazanah Malaysia listed its outstanding sukuk programme
amounting to US$14 billion.
-- BERNAMA
the world in terms of the value of sukuk (bonds) listings last year of US$17.6
billion (US$1=RM3.32).
In a statement here Monday, its chief executive officer, Yusli Mohamed
Yusoff, said since its inaugural sukuk listing in August 2009, the bourse has
listed 12 sukuk by end-December 2009.
He said despite the slowdown in trading activities and issuances in 2009,
Malaysia Exchange has marked a new era for sukuk listings.
"Our achievement is reflective of Malaysia's significance in the world of
Islamic capital markets," he said.
Yusli said Malaysia Exchange would continue to facilitate investors with the
most conducive Islamic platform and would strive to remain in the leading
position of sukuk listing worldwide.
"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 access to greater
profiling opportunities on Malaysia Exchange," he said.
He said Malaysia has over 30 years of experience in Islamic finance and was
the world's largest sukuk origination center driven largely by an
investor-friendly regime as well as robust regulatory and syariah framework
propelled by heightened promotional efforts under the Malaysia International
Islamic Financial Centre initiative.
The first sukuk listing on Malaysia Exchange was registered in August 2009
with the inaugural US dollar-listing led by Petrolian Nasional Bhd's Al-Ijarah
Sukuk and ringgit listing by Cagamas MBS Bhd Islamic papers.
In November 2009, GE Capital Sukuk Ltd issued its first foreign sukuk of
US$500 million on the bourse.
December saw the listing of CIMB Islamic Bank's RM2 billion subordinated
sukuk programme while Khazanah Malaysia listed its outstanding sukuk programme
amounting to US$14 billion.
-- BERNAMA
