What next? by Mr. Aizham Azlan, Manager of CIMB Islamic
What next? by Mr. Aizham Azlan, Manager of CIMB Islamic
What next? by Mr. Aizham Azlan, Manager of CIMB Islamic
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Global: Growth <strong>of</strong> the <strong>Islamic</strong> Debt Capital Markets (Cont’d)• The global Sukuk market has experienced a boom in recent years, spurred <strong>by</strong> the advantages <strong>of</strong>fered <strong>by</strong>Sukuk (as highlighted in the previous slides) over conventional bonds.• Sukuk issues globally have grown exponentially in the last 4 years, from USD 5.7 billion in 2004 to USD30.8 billion in 2007. There was a decline in Sukuk issuance <strong>of</strong> more than 50% in 2008, due to bleakeconomic conditions. As <strong>of</strong> Year 2009, the Sukuk market has started picking up with over USD20 billionnew sukuk issuance entering the market.Global New Sukuk IssuanceUSD million4000030,8033000018,12520,1512000013,0925,502 4,8922,2464,281 5,769 7,5941000002000 2001 2002 2003 2004 2005 2006 2007 2008 200913,8068 Dec 2010Source: Bloomberg10
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