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More Listed Islamic Financial Institutions Needed On Bursa

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KUALA LUMPUR – The listing of more Islamic financial institutions on Bursa Malaysia is needed to boost the Islamic fund and wealth management industry going forward.

Permodalan Nasional Bhd (PNB) Group Chairman Tan Sri Abdul Wahid Omar said this would also strengthen Malaysia’s position as a global hub for such funds.

He said of the 672 shariah compliant securities listed on the local bourse, only two were from the finance sector, namely BIMB Hodings Bhd and Syarikat Takaful Malaysia Bhd.

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