Bursa Malaysia Berhad’s (“Bursa Malaysia” or “the Exchange”) inaugural Shariah Investing Forum 2017 was held yesterday, 17 April 2017, where Shariah scholars, advisers and Islamic capital market and finance practitioners gathered to participate in industry-leading conversations that will pave the future direction of Malaysia’s Islamic capital market. The one-day forum attracted more than 300 participants.
Shariah Investing Forum 2017, themed “Upholding Maqasid Hifz Al-Mal through Shariah Investing”, is organised by the Islamic Capital Market division of Bursa Malaysia in collaboration with the Association of Shariah Advisor in Islamic Finance Malaysia. The Forum, which is part of the Shariah Investing Series programme, is a platform for industry and market participants to exchange views with respect to the development and innovation in capital market products and services. The Forum also aims to provide an overview and update on disruptive technology such as blockchain and bitcoin, and the impact on the Islamic finance industry.
Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan said, “Bursa Malaysia as the leading specialist and pacesetter in the Islamic capital markets believes that such a Forum is timely and necessary to bring together first-hand practitioners, particularly Malaysia’s Shariah advisers and scholars, in the Islamic capital market space to generate effective conversations, new perspectives and the search for solutions which will ensure the continued growth of the Islamic capital market.”
As a leading emerging market exchange for Shariah-compliant securities, Bursa Malaysia offers a broad selection of quality stocks. As at end 2016, 74 per cent of companies listed on Bursa Malaysia are Shariah-compliant. The Shariah market capitalisation as at 31 March 2017 makes up 62.4 per cent of the total market capitalisation of RM1.80 trillion. With the launch of Bursa Malaysia-i in September 2016, it is a step in the right direction to ensure Malaysia remains the global leader in the Islamic capital market, similar to the evolution of Islamic finance, which has matured into a sophisticated Islamic finance marketplace.
“Bursa Malaysia will further intensify its efforts to promote Shariah investing and focus on forging collaborations with capital market participants, in particular the domestic market players, to be the catalysts of growth for Shariah investing on Bursa Malaysia-i. Bursa Malaysia will continue to champion exchange-based Shariah-compliant investing and provide new alternatives to the Islamic capital markets. This effort will support Bursa Malaysia’s initiative in building a sustainable marketplace and elevate Malaysia’s role in advancing Islamic capital market services and infrastructure for the global marketplace,” Datuk Seri Tajuddin added.
The Forum features a line-up of 10 industry practitioners, across two panel sessions and two presentation sessions that highlight on Shariah-compliant investment instruments and application of trading and investing practices from a Shariah perspective.
Originally published on www.mondovisione.com