Asia’s Islamic capital markets are thriving on the back of issuances in Malaysia and the government of Indonesia’s repeated efforts in tapping the domestic and global market. Other countries such as Hong Kong has also recently amended its securitization laws to accommodate Sukuk, in recognition of the potential business Islamic finance could bring to the republic, while the Shariah compliant funds industry in Asia Pacific is currently dominated by Malaysia-based fund managers such as UOB Asset Management and Apex Investment Services.

Bankers from the top Islamic banks in Malaysia are also being kept busy with the spate of issuances expected to be rolled out in the domestic market before the end of the year, while it has been mentioned that major corporates are expected to come to the fore with issuances of significant volumes this quarter.