Malaysia maintained the market leader, capturing one-third of the total market share with USD33.1 bil in issuances, followed closely by Saudi Arabia with 31% (USD30.5 bil) and Indonesia at the third place with USD10.1 bil. The United Arab Emirates (UAE) is expected to become a major player soon, potentially overtaking Indonesia due to anticipated pipeline government sukuk issuances, with the emirates expected to turn to the Sukuk market.
