Blockchain and smart sukuk in Malaysia: a new era for Islamic capital markets

Sharofiddin, Ashurov (2025) Blockchain and smart sukuk in Malaysia: a new era for Islamic capital markets. Bursa Malaysia, NA (NA). NA-NA.

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Abstract

Malaysia has long been regarded as a global leader in sukuk issuance, representing nearly 36 percent of the world’s outstanding sukuk as of the end of 2024. The size of its domestic bond and sukuk market, valued at approximately RM2.06 trillion in mid-2024, demonstrates not only depth but also the maturity of its Islamic capital market architecture. Yet the rapid rise of blockchain and tokenisation is prompting a critical reassessment of how these markets operate, and whether Malaysia can extend its leadership into what some describe as the era of “smart sukuk” (MIFC, 2024; Bank Negara Malaysia, 2024).

Item Type:	Article (Electronic Media)
Additional Information:	8755/125808
Subjects:	H Social Sciences > HG Finance > HG221 Bitcoin/Cryptocurrency/Block Chain H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Sharofiddin Ashurov
Date Deposited:	06 Feb 2026 11:58
Last Modified:	06 Feb 2026 15:59
Queue Number:	2026-01-Q2005
URI:	http://irep.iium.edu.my/id/eprint/125808

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