Good for Islamic banking subsidiaries to list. [Newspaper] (2023)
Abstract
Bursa Malaysia encourages financial institutions to begin exploring possibilities of listing their Islamic banking subsidiaries, as there’s inadequate syariah-compliant equity instruments in the financial services sector. Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said a majority of financial institutions, such as major local banks, were still categorised as conventional, despite a big portion of their businesses being syariah-compliant now.“More than 60% of Malayan Banking Bhd’s total financing is already syariah-compliant. In a typical approach, we would like to encourage these banks to list their Islamic banking subsidiaries,” he said at the Invest Shariah Conference 2023, organised by CGS-CIMB Securities Sdn Bhd yesterday.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Islamic banking subsidiaries, Syariah-compliant equities, Finance, Equity instruments |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance By Niche > Islamic Banking > Banks and Banking > Security Measures |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 12 Mar 2024 01:50 |
| Last Modified: | 12 Mar 2024 01:50 |
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