Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, noted five major trends set to impact the global sukuk market.

The five trends were:

- the growing role of the bond market in financing both public and private sector organisations in emerging market economies;

- demand for sukuks significantly exceeding supply;

- an increase in the number of investment banks, Islamic banks and securities firms involved in the issuance of sukuk;

- a growing interest from financial centres in enacting the