An Introduction to Islamic Finance: Theory and Practice

196 AN INTRODUCTION TO ISLAMIC FINANCE

TABLE 9.7 Sukuk issuance by issuer

Sovereign

Currency 2005 2006 2007 2008 2009 2010 Total

AED 200 680 880.49

BHD 107 318 569 351 712 564 2,619.32

BND 380 188 51 130 127 876.08

GMD 0 0.21

IDR 508 1,052 1,726 3,286.58

MYR 111 2,185 128 6,528 19,253 28,204.22

PKR 134 339 161 362 466 1,462.05

QAR 343 343.29

SDD 200 200.00

USD 600 480 2,023 350 3,045 6,498.36

Total 707 1,423 5,304 1,749 12,510 22,679 44,370.60

Quasi-Sovereign

Currency 2005 2006 2007 2008 2009 2010 Total

USD 500 4,270 2,350 1,300 3,450 519 12,389.28

AED – – – 1,852 – – 1,852.19

MYR 45 2,729 10,125 1,873 6,799 4,348 25,918.14

SAR – – 1,333 – 1,867 1,900 5,099.66

SGD – – – – 162 1,094 1,255.83

Others 29 22 111 62 186 64 474.32

Total 574 7,021 13,919 5,087 12,463 7,925 46,989.42

Corporates

Currency 2005 2006 2007 2008 2009 2010 Total

USD 1,660 6,273 8,425 490 500 2,155 19,503.31

AED – – 2,042 3,039 – – 5,081.35

MYR 7,983 10,592 12,100 3,924 5,299 7,067 46,964.95

SAR – 800 2,100 1,874 393 187 5,354.04

PKR – 29 625 189 182 4 1,027.79

Others 299 – 379 242 273 221 1,413.78

Notes: AED (UAE Dirham), BND (Brunei Dollar), BHD (Bahrain Dinar), GMD (Gambian
Dalasi), IDR (Indonesian Rupiah), MYR (Malaysian Ringgit), QAR (Qatari Rial), SDD
(Sudanese Dinar), SAR (Saudi Riyal), PKR (Pakistan Rupee), SGD (Singapore Dollar), USD
(US Dollar)