The Central Bank of Malaysia, Bank Negara Malaysia (BNM), runs the Fully Automated System for Issuing/Tendering (FAST) website, which provides monthly data on the amount of bonds outstanding. Further issues of shari’a-compliant sukuk bonds and Treasury bills have contributed to the growth in outstanding government bonds. In February 2006, BNM introduced a new Islamic monetary instrument, Bank Negara Malaysia Sukuk Ijarah, with an issue size of MYR400 million. BNM will issue these bonds on a regular basis, ranging from RM100 million to RM200 million. A list of outstanding and historical Malaysian debt securities by issue and maturity is at the Ringgit Bond Market Summary link below.
Several innovations were made in 2004, including the first credit card transactions and the first residential mortgage-backed securities (RMBS). Outstanding volume of asset-backed securities increased to MYR14.6 billion in 2006 up from less than MYR1 billion in 2001. In July 2005, the National Mortgage Corporation (Cagamas) launched the first RMBS worth MYR2.1 billion. It was transacted through a MYR1.9 billion portfolio of residential mortgages, to be paid down from pension schemes of retired public sector employees. Cagamas is currently working on a MYR2 billion Islamic RMBS.
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