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Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) added UOB Kay Hian Securities Sdn Bhd (“UOB Kay Hian Securities”) to its Islamic Participating Organisations (“Islamic POs”) list, making it the 15th stockbroking house offering Islamic stockbroking securities on Bursa Malaysia-i.
Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan said, “Bursa Malaysia is pleased to welcome UOB Kay Hian Securities to be part of Bursa Malaysia-i, alongside our 14 other Islamic POs. We look forward to increased participation and support from our brokers to provide a conducive marketplace for the Shariah investing community and continue to spur the growth and vibrancy of the Islamic capital market domestically and regionally.”
UOB Kay Hian Chief Executive Officer, Mr David Lim said, “The Shariah community is a big and new market, which we would like to provide our services and educate the Shariah investors on how to trade and invest.”
The Islamic stockbroking services play an important role in managing their clients' securities trading whereby the trade and post-trade activities are segregated from conventional securities.
Bursa Malaysia-i, the world’s first end-to-end integrated Shariah investing platform, was launched in September 2016 by Bursa Malaysia. The platform incorporates a full range of Shariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services, augmenting Bursa Malaysia’s leadership as the global marketplace for Shariah listing and investments.
With the latest addition, there are 15 Islamic POs carrying out Islamic stockbroking services, of which one (1) is on a full-fledged basis while the other 14 are on a ‘window’ basis.
The following is the list of Participating Organisations which conduct stockbroking business in accordance with Shariah principles:
- Affin Hwang Investment Bank Berhad
- AmInvestment Bank Berhad
- BIMB Securities Sdn Bhd (full-fledged)
- CIMB Investment Bank Berhad
- Hong Leong Investment Bank
- Jupiter Securities Sdn Bhd
- Inter-Pacific Securities Sdn Bhd
- Kenanga Investment Bank Berhad
- Malacca Securities Sdn Bhd
- Maybank Investment Bank Berhad
- MIDF Amanah Investment Bank Berhad
- Public Investment Bank Berhad
- RHB Investment Bank Berhad
- TA Securities Holdings Berhad
- UOB Kay Hian Securities Sdn Bhd
