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Malaysian ICM Continues its Resilience and Dominance with a Stable 65% Market Share in 2022 on the Back of Strong Market Capitalisation and Sukuk Outstanding The Malaysian Islamic Capital Market (ICM) continued its resilience and dominance of the overall domestic capital market in 2022 despite the ongoing economic and fiscal impact of the COVID-19 pandemic, the supply chain disruptions caused by the Ukraine conflict, and its associated global shocks including a fragile economic recovery, subdued GDP growth, sticky high inflation, rising food and fuel prices, leading to a global cost-of-living crisis which has disproportionately affected the medium-and-low-income developing countries. Mushtak…

Finance Minister Anwar Ibrahim Urges Islamic Finance Industry to Boost its Relevance to the Current Economic and Societal Needs of the Country as he Prioritises SRI Sukuk Issuance Through 5-Year Tax Incentives in his 2023 National Budget to Enhance the Sustainability Agenda The Malaysian Prime Minister, Dato' Seri Anwar bin Ibrahim, has thrown down the gauntlet to the Islamic finance industry by urging a greater connectivity with the economic and social needs of the country and society especially in an era of heightened global uncertainties and various risks. Mushtak Parker assesses the latest policy initiatives relating to the Islamic finance…