March 31, 2022. KUALA LUMPUR.
Bursa Malaysia Berhad (“Bursa Malaysia or the Exchange”) has been named ‘Best Stock Exchange for Islamic Listings’ by Islamic Finance News (“IFN”) at the 15 th and 16th Annual IFN Service Providers Poll, which was announced at the IFN Award Ceremony 2022 yesterday, 30 March 2022.
The ‘Best Stock Exchange for Islamic Listings’ category was first introduced in 2018 to recognise the most outstanding stock exchange for the listing of Shariah-compliant securities in an enabling and conducive ecosystem. This is the fourth consecutive year Bursa Malaysia has emerged as the winner of this category, making it the Leading Exchange in the Islamic capital market.
“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.”
Bursa Malaysia offers a wide breadth of Shariah-compliant securities that are listed on the Main, ACE and LEAP markets. As at end 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 total 993 companies listed on Bursa Malaysia are Shariah-compliant and tradable on Bursa Malaysia-i, the world’s first end-to-end Shariahcompliant 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.
Datuk Muhamad Umar Swift, CEO of Bursa Malaysia receiving the ‘Best Stock Exchange for Islamic Listings’ Award for 2020 (top image) and 2021 (bottom image) at the IFN Awards 2022 Ceremony held at EQ Hotel, Kuala Lumpur.