BURSA NAMED ‘BEST STOCK EXCHANGE’

IFN win an encouragement to provide more syariah-compliant opportunities, says Umar

BURSA Malaysia Bhd was named Best Stock Exchange for Islamic Listings by Islamic Finance News (IFN) at the recent 14th Annual IFN Services Providers Poll.

This is the second consecutive year Bursa Malaysia emerged as the winner for this category, which was introduced in 2018 to honour the most outstanding stock exchange for the listing of syariah-compliant securities in an enabling and conducive ecosystem.

Malaysia was widely acknowledged as the global leader in the Islamic financial marketplace, and Bursa Malaysia was proud to be able to play a significant role in its growth, said chief executive officer Datuk Muhamad Umar Swift in a statement recently.

“Together with the support of our Islamic brokers, we will continue to develop and provide more syariah-compliant opportunities to both issuers and investors.

“This global recognition from

IFN is yet another milestone that will encourage our ongoing efforts to further advance and strengthen Bursa’s capabilities in the Islamic capital marketplace,” he added.

Bursa Malaysia offers a good breadth of syariah-compliant securities that are listed on the Main, ACE and LEAP (Leading Entrepreneur Accelerator Platform) Markets.

As of Aug 31, 715, or 76.6 per cent, of the 933 companies listed on the local exchange are syariah-compliant, tradable on Bursa Malaysia-i, the world’s first endto-end syariah-compliant investing platform.

Bursa Malaysia-i incorporates a full range of exchange-related services, including listing, trading, clearing, settlement and depository services.

This augments Bursa Malaysia’s leadership as the global marketplace for syariah listing and investments.