Emerging East Asia sukuk market: human development and growth indicators
Emerging East Asia’s sukuk market comprises Brunei, China, Indonesia, Malaysia and Singapore. These markets were affected by the falling oil prices, slow global growth, anticipated rise hikes by the United States Federal Reserve. Growth are sustained by acceptance of sukuk as financing demand and...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
USIM Press, Universiti Sains Islam Malaysia
2019
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/4166/1/4166_Emerging%20East%20Asia%20sukuk%20market.pdf http://irep.iium.edu.my/4166/ |
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| Summary: | Emerging East Asia’s sukuk market comprises Brunei, China, Indonesia, Malaysia and
Singapore. These markets were affected by the falling oil prices, slow global growth, anticipated
rise hikes by the United States Federal Reserve. Growth are sustained by acceptance of sukuk as
financing demand and interst from nonmainstream sukuk markets. Malaysia dominates the
regional market followed by Indonesia. Even though the sukuk market slow down in 2015, it
started to pick-up in 2019 resulting from expansionary budget, infrastructure financing and and
refinancing needs arising from maturing debt. Due to potential growing market share, it is also
important to evaluate these economies from human development perspective comprises of
growth, social, health and environmental indicators. Using Japan and Singapore as the
benchmark country, the analysis suggest that most countries are most likely to converge to
Japan. Therefore, Japanese economic policies could be the barometer for Emerging East Asia
sukuk market. |
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