Bursa Sukuk Yield Calculator

Calculate the Current Yield and estimated Yield to Maturity (YTM) for Malaysian Islamic securities (Sukuk).

Fixed Income Strategies

1. Interest Rate Relationship

Even though Sukuks don't pay traditional interest, their market prices are still inversely correlated to the Overnight Policy Rate (OPR) set by Bank Negara Malaysia. If the OPR rises, existing Sukuk prices usually fall.

2. Reinvestment Risk

The YTM calculation assumes that all periodic profit payments are reinvested at the same YTM rate. If current market rates are lower when you receive your profit payments, your actual realized return may be lower than the YTM.

Key Benefits

Compare Investments: YTM allows you to directly compare the expected returns of different Sukuks with varying prices, profit rates, and maturities on a leveled playing field.

Frequently Asked Questions

Get answers to common questions about using our professional trading tools.

A Sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law (Shariah). Since the traditional interest-paying bond structure is not permissible, the issuer of a sukuk sells an investor a certificate, and then uses the proceeds to purchase an asset that the investor has a direct partial ownership interest in.

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Yield to maturity (YTM) is the total return anticipated on a Sukuk if it is held until it matures. It is considered a long-term bond yield but is expressed as an annual rate. YTM takes into account the current market price, par value, profit rate, and time to maturity.
The Profit Rate (or coupon) is fixed based on the face value. If you buy the Sukuk at a discount in the secondary market (e.g., at RM 95 instead of RM 100 face value), your overall return will be higher than the profit rate because you will also make a RM 5 capital gain when the Sukuk matures. The YTM reflects this combined return.

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