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Saturday, May 25, 2024

Launch Partners

Bursa Malaysia plans new Shariah compliant products and initiatives to support domestic Islamic capital market

MALAYSIA: As part of its plan to build new markets that serve as fresh growth avenues or solutions for its stakeholders, Bursa Malaysia said in a market update that it has new Shariah compliant products and initiatives in the pipeline.

Some of these offerings are asset-backed securities and tokenized assets; the establishment of a voluntary carbon market with the first Shariah compliant carbon credit product; and the commercialization of a new digital gold dinar solution. The latter two offerings are being developed to drive the sustainability agenda in the capital market, Bursa Malaysia said.

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