$342.7 billion of Islamic Securities Represents Largest Size on any Exchange Globally

As of end of Q1 2016, Islamic compliant securities (Islamic Capital Market) listed on Bursa Malaysia totalled USD$342.7 billion, the highest for any exchange globally.

The Kuala Lumpur based exchange has listed USD$36 billion of sukuk of which USD$14.2 billion are from foreign issuers, as well as USD$306.7 billion in market capitalisation of Sharia compliant stocks (equities). The Shari’ah Advisory Council (SAC) of the Securities Commission Malaysia approves and updates shares classified as Shari’ah compliant Securities, listed on Bursa Malaysia. The list is updated twice a year.

Positive Outlook

The exchange released this information as part of its financial performance where it highlighted a year on year 5.3% increase in operating revenue.

The exchange highlighted a positive outlook stating “Transactions on Bursa Suq Al-Sila’ are expected to be supported by wider acceptance of tenor based pricing and the continued demand for Murabaha contracts in the domestic market for liquidity management.”

Kuala Lumpur is a global Islamic finance centre and leads in innovation, the use of its currency in cross border Sharia compliant transactions and is home to a number of global Islamic finance regulatory bodies.

Exchange rate used: USDMYR 4.0206