Bursa Malaysia highlights its unique features
Bursa Malaysia is busy highlighting its unique features to distinguish itself from the region’s larger stock markets. CEO Yusli Mohamed Yusoff, speaking at the Global Islamic Finance Forum 2010 in KL, said Bursa Malaysia would set up an international board and expand its product range to attract more listings and investors from overseas.
Yusli said Bursa Malaysia’s key strength was its range of Islamic-friendly listings and services, hinting this was the kind of overseas interest the local market should be aiming most to attract. 88% of listed companies were shariah-compliant and they accounted for 64% of the total market cap, he said. Bursa is also working with regulators to make Islamic debt products more accessible to ordinary retail investors, and the Securities Commission is currently reviewing a proposed listing for a real estate investment trust (REIT) from a major company based in the Gulf Cooperation Council (GCC).
source & article: The Star
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