Prospects and challenges of developing sukuk Islamic debt markets around the world
Date of this Version
Extract: The first Malaysian sukuk as a new Islamic financial debt security was
issued as a private sector issue by Shell Company (M) Bhd, and raised
RM125 million (USS45 million) in 1990. However, sukuk had been
introduced earlier in Saudi Arabia and Pakistan back in the 1980s,
but the debut of the 1990 issue was after the institutional development
of the market for sukuk in several locations in the Middle East and
Southeast Asia, and which is now in major financial centres such as
in London and Zurich.
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