Malaysia’s Islamic capital market has more than tripled in size between 2005 and 2015, reflecting a compounded annual growth rate of 11.7 per cent. Pix by Yazit Razali

KUALA LUMPUR: Malaysia’s Islamic capital market has more than tripled in size between 2005 and 2015, reflecting a compounded annual growth rate of 11.7 per cent.

Securities Commission Malaysia (SC) executive chairman Datuk Seri Ranjit Ajit Singh said the market reached RM1.69 trillion by end-2015, representing 60 per cent of the entire Malaysian capital market.

“Malaysia continues to be the global leader in the sukuk market, commanding 54.3 per cent of the global sukuk outstanding as at end 2015 while the asset under management (AUM) of its Islamic fund management industry remains the world’s second largest as at end-2015.

“Malaysia also tops the global list with the most number of Islamic funds by domicile,” he told reporters during a briefing today.

In 2015, Ranjit said SC has approved and received lodgment of 50 private debt securities (PDS) issues amounting to RM118.46 billion in 2015.

SC in its 2015 annual report said out of the 50 PDS, 25 issues were sukuk valued at RM48.33 billion.

The sukuk value represented 40.8 per cent of total new PDS issues approved.