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BURSA MALAYSIA WINS ‘BEST STOCK EXCHANGE FOR ISLAMIC LISTINGS’ AT THE ISLAMIC FINANCE NEWS AWARDS 2018

22 Mar 2019

KUALA LUMPUR, 22 March 2019 – Bursa Malaysia Berhad (“Bursa Malaysia”) today announced that it was awarded the ‘Best Stock Exchange for Islamic Listings’ by Islamic Finance News (“IFN”) at the recent 13th Annual IFN Service Providers Poll. Bursa Malaysia 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 Shariah-compliant securities in an enabling and conducive ecosystem, making Bursa Malaysia the Leading Exchange in Islamic capital market.

Commenting on the win, Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia said, “We are honoured to win the inaugural Best Stock Exchange for Islamic Listings Award from IFN. This is a reflection of our on-going 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.”

As at end December 2018, Shariah market capitalisation stood at RM1.1 trillion or 62.1% of the total market capitalisation of RM1.7 trillion. Bursa Malaysia as a leading emerging market exchange offers a good breadth of Shariah-compliant securities that are listed on the Main and ACE markets. As at December 2018, 689 or 76.4% of a total 902 companies listed on Bursa Malaysia were Shariah-compliant and tradable on the world’s first end-to-end Shariah-compliant investing platform, Bursa Malaysia-i.

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

IFN Awards_CEO

Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia receiving the ‘Best Stock Exchange for Islamic Listings’ Award at IFN Awards 2018 Ceremony last night, held at The St. Regis Kuala Lumpur.