Question: Question 2 (Total: 30 marks) According to RAM Ratings Services Bhd, Malaysia's Sukuk issuance as of end- September 2020 amounted to RM123.9 billion, surpassing its

Question 2 (Total: 30 marks) According to RAM Ratings Services Bhd, Malaysia's Sukuk issuance as of end- September 2020 amounted to RM123.9 billion, surpassing its earlier projection of RM100 billion-RM120 billion for the year. Furthermore, a total of RM24.9 billion Sukuk was issued in the third quarter of 2020. The growth was led by an increased issuance by the government (+17.0 per cent or RM46.5 billion) despite a 41.8 per cent decline for the corporate sector. The Malaysian Sukuk market expanded 11.1 per cent year-on-year to RM827.8 billion as of end-September 2020 (end-September 2019: RM745.2 billion). Concurrently, the proportion of outstanding Sukuk relative to the overall domestic bond market remained robust at 59.8 per cent." Discuss and examine the features and principles of the varied Sukuk instruments that are presently available in the market. (30 marks)
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