Emerging East Asia sukuk market: human development and growth indicators
Emerging East Asia’s sukuk market comprises Brunei, China, Indonesia, Malaysia and Singapore. These markets were affected by the falling oil prices, slow global growth, anticipated rise hikes by the United States Federal Reserve. Growth are sustained by acceptance of sukuk as financing demand and...
| Main Authors: | , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
USIM Press, Universiti Sains Islam Malaysia
2019
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/4166/ http://irep.iium.edu.my/4166/1/4166_Emerging%20East%20Asia%20sukuk%20market.pdf |
| _version_ | 1848776283742273536 |
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| author | Ahmad, Nursilah Duasa, Jarita |
| author_facet | Ahmad, Nursilah Duasa, Jarita |
| author_sort | Ahmad, Nursilah |
| building | IIUM Repository |
| collection | Online Access |
| description | Emerging East Asia’s sukuk market comprises Brunei, China, Indonesia, Malaysia and
Singapore. These markets were affected by the falling oil prices, slow global growth, anticipated
rise hikes by the United States Federal Reserve. Growth are sustained by acceptance of sukuk as
financing demand and interst from nonmainstream sukuk markets. Malaysia dominates the
regional market followed by Indonesia. Even though the sukuk market slow down in 2015, it
started to pick-up in 2019 resulting from expansionary budget, infrastructure financing and and
refinancing needs arising from maturing debt. Due to potential growing market share, it is also
important to evaluate these economies from human development perspective comprises of
growth, social, health and environmental indicators. Using Japan and Singapore as the
benchmark country, the analysis suggest that most countries are most likely to converge to
Japan. Therefore, Japanese economic policies could be the barometer for Emerging East Asia
sukuk market. |
| first_indexed | 2025-11-14T14:27:38Z |
| format | Proceeding Paper |
| id | iium-4166 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:27:38Z |
| publishDate | 2019 |
| publisher | USIM Press, Universiti Sains Islam Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-41662019-12-16T08:03:13Z http://irep.iium.edu.my/4166/ Emerging East Asia sukuk market: human development and growth indicators Ahmad, Nursilah Duasa, Jarita BP173.75 Islam and economics HB126.4 Islamic Economics HF5410 Marketing. Distribution of products Emerging East Asia’s sukuk market comprises Brunei, China, Indonesia, Malaysia and Singapore. These markets were affected by the falling oil prices, slow global growth, anticipated rise hikes by the United States Federal Reserve. Growth are sustained by acceptance of sukuk as financing demand and interst from nonmainstream sukuk markets. Malaysia dominates the regional market followed by Indonesia. Even though the sukuk market slow down in 2015, it started to pick-up in 2019 resulting from expansionary budget, infrastructure financing and and refinancing needs arising from maturing debt. Due to potential growing market share, it is also important to evaluate these economies from human development perspective comprises of growth, social, health and environmental indicators. Using Japan and Singapore as the benchmark country, the analysis suggest that most countries are most likely to converge to Japan. Therefore, Japanese economic policies could be the barometer for Emerging East Asia sukuk market. USIM Press, Universiti Sains Islam Malaysia 2019 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/4166/1/4166_Emerging%20East%20Asia%20sukuk%20market.pdf Ahmad, Nursilah and Duasa, Jarita (2019) Emerging East Asia sukuk market: human development and growth indicators. In: International Seminar on Islam and Science (SAIS) 2019, 31st October 2019, Nilai,. Negeri Sembilan. |
| spellingShingle | BP173.75 Islam and economics HB126.4 Islamic Economics HF5410 Marketing. Distribution of products Ahmad, Nursilah Duasa, Jarita Emerging East Asia sukuk market: human development and growth indicators |
| title | Emerging East Asia sukuk market: human development and growth indicators |
| title_full | Emerging East Asia sukuk market: human development and growth indicators |
| title_fullStr | Emerging East Asia sukuk market: human development and growth indicators |
| title_full_unstemmed | Emerging East Asia sukuk market: human development and growth indicators |
| title_short | Emerging East Asia sukuk market: human development and growth indicators |
| title_sort | emerging east asia sukuk market: human development and growth indicators |
| topic | BP173.75 Islam and economics HB126.4 Islamic Economics HF5410 Marketing. Distribution of products |
| url | http://irep.iium.edu.my/4166/ http://irep.iium.edu.my/4166/1/4166_Emerging%20East%20Asia%20sukuk%20market.pdf |