Malaysia's has started the world’s first end-to-end Islamic exchange platform, which is worth more than one trillion ringgit.
The new platform, called “Bursa Malaysia-i”, offers investors the opportunity of investing in and trading of Shariah-compliant products via a Shariah-compliant platform and incorporates the full range of stock exchange-related services including listing, trading, clearing, settlement and depository facilities.
Up to July 2016, around US$266bn or around two thirds of the total market capitalisation of Bursa Malaysia (US$387bn) are related to Shariah-compliant investment products , making Malaysia the global leader in the Islamic capital market.
Products include i-Stocks (short for Islamic or Shariah-compliant stocks), which comprise 73% or 669 of all stocks listed on Bursa Malaysia; i-Indices (Shariah-compliant indices); i-ETFs (Shariah-compliant exchange traded funds), i-REITs (Shariah-compliant Real Estate Investment Trusts) and exchange traded sukuk.