Bursa Malaysia Bags 3 Awards at Global Banking and Finance Review Awards 2017

KUALA LUMPUR, June 5 (Bernama) – Bursa Malaysia Bhd have recently bagged three awards at the Global Banking and Finance Review Awards 2017 for its efforts in developing and promoting the Islamic capital market through Bursa Malaysia-i and Bursa Suq Al-Sila'. In a statement, it said the three awards were the Most Innovative Global End-to-End Shariah-Compliant Investing Platform Asia 2017, Best Commodity Trading Platform Asia 2017 and Best Islamic Exchange Asia 2017. The introduction of Bursa Malaysia-i in 2016 is aimed at strengthening the exchange’s role as a key Islamic capital market hub in ASEAN and beyond, while Bursa Suq AlSila’ is a Shariah-compliant commodity trading platform which facilitates Murabahah and Tawarruq transactions. “As at end of 2016, Bursa Suq AlSila’, which was introduced in 2009, recorded a cumulative annualised growth rate of 112.2 per cent. “It is also recognised as a platform with the capacity to undertake commodity trading in various major currencies, made possible by the availability of a large supply of physical commodities,” Bursa Malaysia added. -- BERNAMA