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LIST OF CHARTS
Chart 2.1: Sectoral Distribution of the Islamic Finance Industry (2016) 15 Chart 2.2: Growth of Islamic Finance Assets (USD billion, 2012-2016) 15 Chart 2.3: Malaysia vs Global Sukuk Issuance 17 Chart 3.1: Selected Arab Sovereign Issuances by Shariah Contracts (2011-June 2017) 45 Chart 3.2: Quasi-Sovereign and Corporate Issuances by Shariah Contracts (2011-June 2017) 45 Chart 3.3: Selected Asian Sovereign Issuances by Contracts (2011-June 2017) 47 Chart 3.4: Quasi-Sovereign and Corporate Issuances by Shariah Contracts (2011-June 2017) 47 Chart 3.5: Selected African Sovereign Issuances by Shariah Contracts (2013-June 2017) 49 Chart 3.6: GCC’s and Jordan’s Sovereign and Corporate Sukuk Issuance (2013–June 2017) 53 Chart 3.7: Quasi-Government and Corporate Sukuk Issuances by Sector (2011-June 2017) 54 Chart 3.8: Quasi-Government and Corporate Sukuk Issuances by Sector (2011-June 2017) 57 Chart 4.1: Growth of Malaysia’s ICM over a 10-Year Period 73 Chart 4.2: Malaysia’s Outstanding Capital Markets vs Bank Financing Relative to GDP 75 Chart 4.3: Evolution of Malaysia’s Bond Market 76 Chart 4.4: Malaysia’s Sovereign Sukuk vs Conventional Issuance (2006-June 2017) 78 Chart 4.5: Malaysia’s Sovereign Sukuk vs Conventional Outstanding (2006-June 2017) 79 Chart 4.6: Malaysia’s Corporate Sukuk vs Conventional Issuance (2006-June 2017) 80 Chart 4.7: Malaysia’s Corporate Sukuk vs Conventional Outstanding (2006-June 2017) 80 Chart 4.8: Malaysian Corporate Sukuk Issuance by Type of Shariah Contract (2005-2016) 81 Chart 4.9: YTMs of Malaysian Corporate Bonds (AA-Rated) – Islamic vs Conventional 88 Chart 4.10: YTMs of Malaysian Corporate Bonds (AA-Rated) – Islamic vs Conventional 88 Chart 4.11: GII Issued Domestically – Classification by Holder (2008-2016) 89 Chart 4.12: MGS Issued Domestically – Classification by Holder (2008-2016) 90 Chart 4.13: Investor Profile of Malaysia’s LCY Corporate Bonds 90 Chart 4.14: Factors Influencing the Development of Malaysia’s Sukuk Market 94 Chart 4.15: UAE’s Islamic Finance Penetration − Assets to GDP Ratio (2012-2016) 97 Chart 4.16: UAE’s Islamic Banking Assets and Outstanding Sukuk (2012–2016) 98 Chart 4.17: UAE’s Outstanding Capital Markets vs Bank Financing Relative to GDP 98 Chart 4.18: Evolution of the UAE Bond Market (2000–2017) 99 Chart 4.19: UAE Sukuk vs Conventional Issuance (2006-June 2017) 100 Chart 4.20: UAE vs GCC Total Sukuk Issuance (2006-June 2017) 100 Chart 4.21: UAE vs GCC Total Outstanding Sukuk (2006-June 2017) 101 Chart 4.22: UAE Sovereign Sukuk vs Conventional Issuance (2006-June 2017) 102 Chart 4.23: UAE National Banks’ Non-Resident Funding to Total Funding 103 Chart 4.24: UAE Corporate Sukuk vs Conventional Issuance (2006-June 2017) 104 Chart 4.25: UAE Corporate Sukuk Issuance by Type of Shariah Contract (2006-June 2017) 105 Chart 4.26: UAE Corporate Sukuk Issuance by Sector (2007-June 2017) 106 Chart 4.27: UAE Sovereign vs Corporate Sukuk Issuance (2006-June 2017) 107 Chart 4.28: USD 10-Year Sovereign Bond Yield 108 Chart 4.29: Factors Influencing the Development of the UAE’s Sukuk Market 112 Chart 4.30: Size of Indonesia’s Outstanding LCY Bond Market in USD (1997-2016) 114 Chart 4.31: Outstanding Government Bonds (December 2004-June 2017) 116 Chart 4.32: Outstanding Indonesian Corporate Bonds (December 2004-June 2017) 116