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Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad

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dc.contributor.authorRipain, N.en_US
dc.contributor.authorAli, R.en_US
dc.contributor.authorSerguieva, A.en_US
dc.contributor.authorIsmail, S.en_US
dc.date.accessioned2024-05-29T08:20:08Z
dc.date.available2024-05-29T08:20:08Z
dc.date.issued2006
dc.description.abstractAsset-Backed Securitization (ABS) was introduced in Malaysia in 2001. This timely study overviews the structure of ABS in the Malaysian capital market, examines the securitization mechanism, and measures the growth and performance over the period from 2001 to 2005. The results reveal a robust growth in overall, with a significant increase of 200?'0 in 2003. Furthermore, Islamic ABS was introduced in 2003, and their issuance size in 2005 was worth RM5.2 billion, thus surpassing the Conventional ABS with an issuance value of RM4.2 billion. We also consider company performance, specifically on the originator perspective, and focus on the cormmercial property sector. The results reveal that after securitizing their assets, the originators manage a reduction in debt obligations and an enhancement in earning capacities. The study concludes with the benefits that a transfer of knowledge on ABS can bring to organizational performance and to investors' portfolios. The authors believe that ABS shall become a premier alternative debt financing for companies and a portfolio diversification tool to investors in the Malaysian capital market.
dc.identifier.epage88
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage65
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/54
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14512
dc.identifier.volume3
dc.languageEnglish
dc.language.isoen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Research
dc.sourceOpen Journal Systems
dc.subjectSecuritisation mechanismen_US
dc.subjectSecuritisation structureen_US
dc.subjectConventional and Islamic ABSen_US
dc.subjectDebten_US
dc.subjectEarningsen_US
dc.titleGrowth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
dc.typeArticleen_US
dspace.entity.typePublication

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