Defaulters Profile in Malaysia Sukuk Market

The issue of sukuk default had gained particular attention in the recent years especially after the global financial crisis that hit the world economy. This study analyzes and profiling the sukuk defaulters in Malaysia. This study includes issuers of sukuk from 2000 to 2010. Information of the selec...

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Bibliographic Details
Published in:Procedia, social and behavioral sciences social and behavioral sciences, 2014-08, Vol.145, p.277-285
Main Authors: Kamarudin, Mohd Faizal, Kamaluddin, Norlela, Manan, Siti Khadijah Ab, Ghani, Gairuzazmi Mat
Format: Article
Language:English
Subjects:
Defaulters Profile
Sukuk
Sukuk Default
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Summary:The issue of sukuk default had gained particular attention in the recent years especially after the global financial crisis that hit the world economy. This study analyzes and profiling the sukuk defaulters in Malaysia. This study includes issuers of sukuk from 2000 to 2010. Information of the selected issuers of sukuk is extracted from their annual report in the CCM database. The study found that the highest number of sukuk default occurred in 2009. Mixed result was found on initial rating as default occurred for short-term and long-term instrument.
ISSN:1877-0428
1877-0428
DOI:10.1016/j.sbspro.2014.06.035