Bursa Malaysia Releases World’s First Comprehensive End-To-End Shariah Investing Platform With Bursa Malaysia-I

Bursa Malaysia Releases World’s First Comprehensive End-To-End Shariah Investing Platform With Bursa Malaysia-I
05.09.2016 01:45 pm

Bursa Malaysia Releases World’s First Comprehensive End-To-End Shariah Investing Platform With Bursa Malaysia-I

Investment Management

Bursa Malaysia Berhad (“Bursa Malaysia”) today launched Bursa Malaysia-i delivering the world’s first end-to-end integrated Islamic securities exchange platform that offers investors the choice to invest and trade Shariah-compliant products via a Shariah-compliant platform.

Bursa Malaysia-i incorporates the full range of Shariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services, to underscore Bursa Malaysia’s leadership as the global marketplace for Shariah listing and investments.

Y.B. Datuk Johari bin Abdul Ghani, Minister of Finance II, officiated the launch of Bursa Malaysia-i. The Minister emphasised that Bursa Malaysia-i underscores Malaysia as the world’s Islamic finance marketplace and be globally recognised for Shariah-compliant trading activities among domestic and global issuers and investors.

“The launching of Bursa Malaysia-i is a culmination of Bursa Malaysia’s longstanding commitment to making Malaysia a comprehensive Islamic investing hub that offers various Islamic financial market instruments. Continuous effort and support from various stakeholders such as Islamic Participating Organisations (Islamic POs), Regulators, Public Listed Companies, Investment Banks, Shariah Advisers and Islamic Fund Managers are essential to further develop and mainstream the Bursa Malaysia Shariah-compliant platform ,” Datuk Johari said.

He added, the Government is supportive of Bursa Malaysia’s efforts to bring together market intermediaries, particularly the Islamic POs, to be more visible amid on-going initiatives to enhance the competitiveness of the Islamic capital market industry.

Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia said, “The Islamic Capital Market of Bursa Malaysia is introducing Bursa Malaysia-i to establish the world’s first end-to-end Shariah investing platform. The purpose of introducing this new service is to provide a conducive marketplace for Shariah investing and to help further strengthen the products and services offered by the Islamic Capital Market. In doing so, we hope to position Malaysia as the pre-eminent marketplace for Islamic based financial offerings and Shariah investing”.

Bursa Malaysia is a leading emerging market exchange for Shariah-compliant securities offering investors a wide choice of Shariah products listed on the MAIN and ACE markets. These include i-Stocks, which comprise 73% or 669 of all stocks listed on Bursa Malaysia, i-Indices (Shariah-compliant indices), i-ETFs (Shariah-compliant Exchange Traded Funds), i-REITs (Shariah-compliant Real Estate Investment Trusts) and Exchange Traded Sukuk (full list available at www.bursamalaysia.com).

Investors can choose end-to-end Shariah investing via Bursa Malaysia-i with any of the nine Shariah-licensed Participating Organisations or Brokers, including AmInvestment Bank, Affin Hwang Capital, BIMB Securities, CIMB Securities, Jupiter Online, Kenanga Investment Bank, RHB Investment Bank, Malacca Securities and Maybank Investment Bank.

For more information on end-to-end Shariah investing on Bursa Malaysia, visit www.bursamalaysia.com for Shariah-compliant securities listed on Bursa Malaysia and contact details of Islamic POs or Brokers.

Related News

Washington Trust Bank Expands Partnership to Baker Hill NextGen

Baker Hill, the leading financial technology provider in delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics,... Read more »

Digital proxy voting to bring greater transparency, efficiency to Australian AGMs in 2020

Digital proxy voting by institutional investors is expected to become a bigger focus at Annual General Meetings in 2020 after the successful deployment in Australia of Citi’s... Read more »

FNZ has secured investment from Temasek

FNZ, the global platform-as-a-service provider, has secured an investment from Temasek, a global investment company headquartered in Singapore.

FNZ, which specialises in... Read more »

Investors aged 28-37 years invest in long-term loans most often

Analysts of the P2P platform Robo.cash have studied the profile of its users investing in long-term loans... Read more »

Finastra strengthens its position in Israel with new office opening

Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The office, which is home... Read more »

Lothian Pension Fund Streamlines its Investment Management Processes with Charles River IMS

Lothian Pension Fund, the Edinburgh-based local government pension scheme provider, has completed the implementation of the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel