KUALA LUMPUR: Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar wants local financial institutions to list their Islamic banking subsidiaries on its exchange to add more shariah- compliant equity instruments to the market. He said there is a lack of shariah-compliant equity instruments in the financial services sector. Abdul Wahid said well-known local banks are categorised as conventional, despite 'a big portion of the businesses are now shariah compliant'. Citing Malayan Banking Bhd as an example, he said more than 60% of its total financing in Malaysia is shariah compliant.

https://www.thesundaily.my/business/list-islamic-units-on-bursa-malaysia-local-financial-institutions-urged-HH11346076

#thesundaily

PETALING JAYA: AirAsia X Bhd's seat capacity in the second quarter ended June 30, 2023 (Q2'23) surged by more than 26 times year-on-year (y-o-y) to 818,422 seats flown as additional aircraft were brought into service and networks enhanced. Compared with the preceding quarter, seat capacity grew 30%. The company also saw significant operational improvement across all other key metrics in the quarter, achieving a Passenger Load Factor (PLF) of 76%, up by 47 percentage points y-o-y. Over the past 12 months, AirAsia X's operations have normalised, reporting remarkable growth of 25 times higher y-o-y in Available Seat Kilometres (ASK) capacity to achieve 3,509 million.

https://www.thesundaily.my/business/airasia-x-seat-capacity-in-q2-surges-over-26-times-year-on-year-LK11286782

#thesundaily