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

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