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Bloomberg Launches New Corporate Sukuk Index for Islamic Finance

September 18, 2012

KUALA LUMPUR — Bloomberg today announced further commitment to
the Islamic finance market with the launch of a Malaysian
Ringgit (MYR) corporate sukuk index, developed with the
Association of Islamic Banking Institutions Malaysia (AIBIM) and
Bursa Malaysia. The Bloomberg AIBIM Bursa Malaysia Corporate
Sukuk Index will serve as a benchmark for investors of ringgit-
denominated Islamic bonds in Malaysia, the world’s biggest sukuk

Global demand for corporate and sovereign sukuk has grown over
the last decade and in Malaysia, as low borrowing costs continue
to drive issuance. Malaysia is having a record year for sales of
corporate sukuk, with potentially about 20 billion ringgit of
Shariah-compliant debt in the pipeline, according to data
compiled by Bloomberg.

The new corporate sukuk index will track and measure the
performance of the most liquid and credit-worthy Islamic
corporate bonds in Malaysia. Bloomberg will calculate the Index
daily, with rates and prices contributed by member banks of

“Bloomberg has been investing in Islamic finance globally and
this announcement reaffirms our commitment to Malaysia’s
development as a global Islamic financial centre,” said Kamel Hajri, Bloomberg’s Business Manager for Islamic Finance. “This
collaboration means we now have a complete portfolio of Islamic
finance indices and tools for Malaysia. We look forward to
expanding our joint efforts with key industry players to further
enhance market transparency and liquidity, with the goal of
fulfilling investor demand for more robust Shariah-compliant

Dato’ Mohd Redza Shah Abdul Wahid, President of AIBIM, said,
“With the diversification of the Islamic finance market, there
is a growing need for access to accurate, timely and
comprehensive data. Strategic collaboration to develop localized
financial products will help stimulate the long-term growth,
competitiveness and sustainability of Islamic finance services.”

“As a top global sukuk underwriter, we see domestic and foreign
issuers actively tapping the Malaysian sukuk market,” said Dato’
Mohamad Zabidi Ahmad, CIMB Malaysia’s Head of Islamic Treasury.
“By providing accurate pricing and benchmarking, this index will
improve portfolio management and contribute to a more robust
bond market.”

Deputy Governor Muhammad Ibrahim said, “Malaysia continues to
develop and strengthen Islamic finance with increasingly
sophisticated products and supportive infrastructure. The launch
of the Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index is
timely as it will contribute to better price transparency that
enables investors to make informed investment decisions.”

This is the third sukuk index Bloomberg, in collaboration with
Bank Negara, AIBIM and Bursa Malaysia, has developed for the
Malaysian market. In 2011, Bloomberg launched the AIBIM Bursa
Malaysia Sovereign Index (BMSSITR) and the Malaysia Sukuk Ex-MYR
Index (BMSSUTR), as part of its Islamic Finance Platform (ISLM),
a broad set of data, analytics and news dedicated to Shariah-
compliant products and services.

This latest index was announced at the third Global Islamic
Finance Forum (GIFF) in Kuala Lumpur held from 18-20 September,
where global industry practitioners, regulators, Shariah
scholars and business communities discuss prospects for the
Islamic finance industry.

For more information on Bloomberg’s Islamic Finance Platform
visit or go to ISLM on the
Bloomberg Professional service. Customers and prospects can get
more details from Bloomberg’s Head of ASEAN Sales, Nitin Jaiswal
at or +65-6212-1520.

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The Association of Islamic Banking Institutions Malaysia (AIBIM)
was established in 1995. AIBIM’s objectives, among others are to
foster the establishment and the conduct of sound Islamic
banking system and practices in Malaysia in cooperation and
consultation with Bank Negara Malaysia or other domestic
regulatory bodies, to promote and represent the interests of
members, to promote Islamic banking related education and
training programmes and to work in collaboration with other
similar associations worldwide.

Media Contacts

APAC, Belina Tan,, +65-6231-3637

EMEA, Natalie Harland,, +44-20-3525-8820

US, Sabrina Briefel,, +1-212-617-1993