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BURSA MALAYSIA WINS ‘BEST ISLAMIC EXCHANGE 2016’ FOR ITS ISLAMIC CAPITAL MARKET PERFORMANCE AT THE GLOBAL ISLAMIC FINANCE AWARDS IN JAKARTA

11 Oct 2016

Bursa Malaysia Berhad (“Bursa Malaysia”) today announced that Bursa Malaysia has been awarded the ‘Best Islamic Exchange 2016’ at the Global Islamic Finance Awards 2016 held on 29 September 2016 in Jakarta, Indonesia. The award was presented in recognition of Bursa Malaysia Islamic capital market’s performance and growth over the last five years.

GIFA

His Excellency Ashkat Orazbay, Kazakhstan Ambassador to Indonesia (right) presenting the “Best Islamic Exchange 2016” award to Mr Jamaluddin Nor Mohamad (left), the Director of Islamic Capital Market of Bursa Malaysia at the Global Islamic Finance Awards 2016 in Jakarta, Indonesia.

Datuk Seri Tajuddin Atan, the Chief Executive Officer of Bursa Malaysia said, “It is with great pleasure that we received the “Best Islamic Exchange 2016” award. This is the second year that Bursa Malaysia has won the award from the Global Islamic Finance Awards. It is gratifying to see our efforts and endeavors being recognised once again by both the domestic and international financial community for the growth and performance of our Islamic capital market”.

“This award is a testament to the wider acceptance and increasing investor confidence attributed to Shariah-compliant products and services. It also further endorses our ongoing focus to increase the breadth and depth of our Shariah-compliant products and services for both institutional and retail investors, domestically and internationally, culminating in the recent launch of Bursa Malaysia-i, the world’s first end-to-end Shariah investing platform,” Datuk Seri Tajuddin said.

Islamic capital market has generated considerable growth momentum over the last few years. Favouring this is the fact that Shariah indices have consistently outperformed the FBM KLCI and its conventional counterparts over the past five years, thereby making Shariah-compliant investment an enticing alternative for investors.