This study analyzes the export market share of selected OIC countries from the year 1996 until 2005. In this research, the market is divided into three categories which are import market of the world, import market among OIC countries and import market of non OIC membership countries. Findings reveal that export market share of the OIC countries is increasing each year in the three markets under study with the exception in 1998. Based on market share, Malaysia and Saudi Arabia have bigger share value of export market compared to other OIC countries.

Islamic Capital Market (ICM) is an alternative component to the conventional capital market in Malaysia. This positive development of ICM has indirectly expanded the investment activity that is based on Shariah in Malaysia. Besides that, the role of Shariah Advisory Council (SAC) of Security Commission (SC) in preparing guidelines for people to be involved with Islamic investment field has encouraged the growth of ICM in Malaysia especially in Islamic Sukuk (bond) market.