Bursa Malaysia Scores Another First With Inaugural Foreign Sukuk Listing By GE Capital

Bursa Malaysia today announced the inaugural foreign listing of USD500 million sukuk issued by GE Capital. The five-year Islamic bond is structured based on the globally accepted Shari'ah principle of Sukuk Al Ijara.

Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "The offering of sukuk by GE Capital is in line with our efforts to internationalise Bursa Malaysia as the Islamic investment centre. We are very excited to witness the first foreign sukuk listing on Bursa Malaysia and hope to see more foreign issuance of bonds or sukuk listed here in the near future."

Bursa Malaysia registered its first sukuk listings by Petronas and Cagamas in August this year.

Malaysia is known to be the world's largest sukuk issuance centre where more than 60% of sukuk outstanding globally are originated here. It hosts the world's largest sukuk market at an estimated USD66 billion as at end of June 2009, and remains a key driver of growth for the Malaysian Islamic market.