Bursa Malaysia has been named ‘Best Stock Exchange for Islamic Listings’ by Islamic Finance News at the 15th and 16th Annual IFN Service Providers Poll, which was announced at the IFN Award Ceremony 2022.
The category was first introduced in 2018 to recognise the most outstanding stock exchange for the listing of Shariah-compliant securities, Bursa has emerged as the winner for four consecutive years.
“We are honoured to receive this award, as it reflects Bursa Malaysia’s strength and competitive edge in the Islamic finance space,” said Datuk Muhamad Umar Swift, CEO of Bursa Malaysia. “Notwithstanding the challenges posed by the global pandemic, we remain steadfast in ensuring our markets stayed open and accessible to continue to attract more listings of
Islamic instruments and increase investor participation in the Islamic capital market.”
The Exchange, Bursa Malaysia offers a wide breadth of Shariah-compliant securities that are listed on the Main, ACE, and LEAP markets. As of the end of February 2022, Shariah market capitalisation stood at RM1.2 trillion, which is 67.3 percent of the total market capitalisation of RM1.8 trillion. During the same period, 753 or 79.1 percent out of the total of 993 companies listed on Bursa Malaysia are Shariah-compliant and tradable on Bursa Malaysia-i, the world’s first end-to-end Shariah-compliant investing platform.
Bursa Malaysia-i incorporates a full range of Shariah-compliant exchange-related facilities including listing, trading, clearing, settlement, and depository services, augmenting Bursa Malaysia’s leadership as the global marketplace for Shariah listing and investments.
