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RETAIL FUNDS | Cesar Tordesillas, Malaysia
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Malaysia's AmIslamic expects ringgit bonds to hit up to RM100B

AmIslamic Funds Management expects ringgit-denominated bonds to hit between RM90 billion and RM100 billion by year-end.

Currently, ringgit-denominated bonds stood at about RM65 billion to RM70 billion.

Up to 60 percent are expected to come from Islamic bond issuances.

"We expect more Islamic bonds to be issued this year as the market needs diversification in terms of issuance and the region as well," said Sukuk and Alternative Investment Executive Director, Mohd Farid Kamarudin.

For more.AmIslamic Funds Management expects ringgit-denominated bonds to hit between RM90 billion and RM100 billion by year-end.

Currently, ringgit-denominated bonds stood at about RM65 billion to RM70 billion.

Up to 60 percent are expected to come from Islamic bond issuances.

"We expect more Islamic bonds to be issued this year as the market needs diversification in terms of issuance and the region as well," said Sukuk and Alternative Investment Executive Director, Mohd Farid Kamarudin.

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