Malaysia prime issuer of sustainability Sukuk in ASEAN

Malaysia leads in sustainable and responsible investing (SRI) Sukuk issuance among the ASEAN6 countries, accounting for US$3.9 billion of issuance value or 56% of the total ASEAN SRI Sukuk issuance, as of November 2021. Developments in the SRI arena have catalysed the exponential growth of ASEAN sustainable bonds and Sukuk, said a report published by Ernst & Young Consulting Sdn Bhd (EY Malaysia'' and Capital Markets Malaysia (CMM)’s Sustainable Investment Platform (SIP) today. Between 2016 to 2020, the ASEAN6 markets saw significant increases, at 198% CAGR, in sustainable bonds and Sukuk issuance for financing growth aligned with ESG principles, with an issuance value estimated to have reached US$29.8billion as of November 2021.