Islamic Bonds Issues: The Malaysian Experience

The paper is a review of the Malaysian experience in managing the issuance and development of Islamic bonds market. It was observed that Malaysia has begun with the issuance of loan-based Islamic bonds by the Malaysian government followed by the vast and extensive issuance of sale-based Islamic bo...

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Main Author: Abdullaah Jalil
Format: Conference Paper
Language:English
Published: Asian Academy of Management 2010
Subjects:
Online Access:http://dspace.unimap.edu.my/xmlui/handle/123456789/2889
http://hdl.handle.net/123456789/2889
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spelling my.usim-28892015-07-06T04:21:41Z Islamic Bonds Issues: The Malaysian Experience Abdullaah Jalil Sukuk Islamic bonds Islamic private debt securities The paper is a review of the Malaysian experience in managing the issuance and development of Islamic bonds market. It was observed that Malaysia has begun with the issuance of loan-based Islamic bonds by the Malaysian government followed by the vast and extensive issuance of sale-based Islamic bonds by both government and private corporations. However, most of the Malaysian Islamic bonds issued to date have been based on the principles of Murabahah and Al-Bai’ Bithaman Ajil (BBA) that can hardly obtain the acceptance and confidence of global investors especially from the Middle-East countries. Hence, the issuance of Ijarah-based global sovereign and corporate Islamic bonds (Sukuk) took place in 2002. In general, five key factors have been recognized to develop a more comprehensive Malaysian Islamic bonds market and accelerate the progress of Malaysia’s venture into the international Islamic financial arena. USIM 2010-03-23T10:21:28Z 2010-03-23T10:21:28Z 2005-12 Conference Paper http://hdl.handle.net/123456789/2889 en Asian Academy of Management
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Sukuk
Islamic bonds
Islamic private debt securities
spellingShingle Sukuk
Islamic bonds
Islamic private debt securities
Abdullaah Jalil
Islamic Bonds Issues: The Malaysian Experience
description The paper is a review of the Malaysian experience in managing the issuance and development of Islamic bonds market. It was observed that Malaysia has begun with the issuance of loan-based Islamic bonds by the Malaysian government followed by the vast and extensive issuance of sale-based Islamic bonds by both government and private corporations. However, most of the Malaysian Islamic bonds issued to date have been based on the principles of Murabahah and Al-Bai’ Bithaman Ajil (BBA) that can hardly obtain the acceptance and confidence of global investors especially from the Middle-East countries. Hence, the issuance of Ijarah-based global sovereign and corporate Islamic bonds (Sukuk) took place in 2002. In general, five key factors have been recognized to develop a more comprehensive Malaysian Islamic bonds market and accelerate the progress of Malaysia’s venture into the international Islamic financial arena.
format Conference Paper
author Abdullaah Jalil
author_facet Abdullaah Jalil
author_sort Abdullaah Jalil
title Islamic Bonds Issues: The Malaysian Experience
title_short Islamic Bonds Issues: The Malaysian Experience
title_full Islamic Bonds Issues: The Malaysian Experience
title_fullStr Islamic Bonds Issues: The Malaysian Experience
title_full_unstemmed Islamic Bonds Issues: The Malaysian Experience
title_sort islamic bonds issues: the malaysian experience
publisher Asian Academy of Management
publishDate 2010
url http://dspace.unimap.edu.my/xmlui/handle/123456789/2889
http://hdl.handle.net/123456789/2889
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score 13.222552