Bursa Malaysia Bhd was named the Best Stock Exchange for Islamic Listings by Islamic Finance News (IFN) at the 13th Annual IFN Service Providers Poll held here yesterday.
It is the inaugural winner for this category, which has been introduced for the first time in recognition of the most outstanding stock exchange for listing of Syariah-compliant securities in an enabling and conducive ecosystem.
Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said in a statement today that the company was honoured to clinch the inaugural Best Stock Exchange for Islamic Listings award.
“This reflects our ongoing efforts to fortify our position and develop our niche capabilities in Islamic capital markets. We will continue to deliver new value propositions to grow our marketplace, drawing new classes of investors, including faith-based investors or those with a socially responsible investment mandate,” he said.
As at end-December 2018, Shariah market capitalisation stood at RM1.1 trillion or 62.1 percent of the total market capitalisation of RM1.7 trillion, said the exchange operator.
Of the 902 companies listed on Bursa Malaysia, 689 or 76.4 percent were Syariah-compliant and tradable on the world’s first end-to-end Syariah-compliant investing platform, Bursa Malaysia-i.
The Bursa Malaysia-i platform incorporates a full range of Syariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services, hence augmenting Bursa Malaysia’s leadership as the global marketplace for Syariah listing and investments.
Source The Edge Markets