Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) has onboarded Nomura Securities Malaysia Sdn Bhd (“Nomura Securities”), on Bursa Malaysia-i, in line with its efforts to enhance market accessibility for Shariah-compliant investments.
This marks the second entry of a foreign broker on the end-to-end Shariah-compliant investing platform, paving the way for market participation from a wider pool of investors in Malaysia and beyond.
Dato’ Fad’l Mohamed, Chief Executive Officer of Bursa Malaysia, said: “The addition of Nomura Securities’ Islamic stockbroking service offering reflects the growing interest and confidence in Malaysia’s Islamic capital market proposition. With this inclusion, we are strengthening Malaysia’s position as a leading destination for Shariah-compliant investments.”
“Over 80% of listed securities on our Exchange are Shariah-compliant, at representing 66% per cent of Bursa Malaysia’s total market capitalisation of RM2 trillion. Our marketplace is well-positioned to meet the growing needs of both international and domestic investors seeking Shariah-compliant investment opportunities,” he added.
Kelvin Ho, Nomura’s Head of Southeast Asia, said: “Malaysia is an important market for Nomura. We have made Malaysia our equity research hub for ASEAN and host our ASEAN conference in Kuala Lumpur every year. We are excited for the opportunities in Malaysia, and the Islamic stockbroking window is a natural extension of our services to our clients here.”
Islamic stockbroking enables investors to trade Shariah-compliant securities on Bursa Malaysia-i via a dedicated Islamic window or a full-fledged1 Islamic brokerage, ensuring clear separation between Islamic and conventional transactions across both trading and post-trading activities.
The number of Participating Organisations (POs) of Bursa Malaysia offering Islamic stockbroking services has seen consistent growth over the years. With the inclusion of Nomura Securities, Bursa Malaysia-i now comprises a network of 20 Islamic POs.
The list of Islamic POs includes:
- Affin Hwang Investment Bank Berhad
- AmInvestment Bank Berhad
- BIMB Securities Sdn Bhd (full-fledged)
- CGS International Securities Malaysia Sdn Bhd
- CIMB Securities Sdn Bhd
- Hong Leong Investment Bank Berhad
- Inter-Pacific Securities Sdn Bhd
- Kenanga Investment Bank Berhad
- Malacca Securities Sdn Bhd
- Maybank Investment Bank Berhad
- MIDF Amanah Investment Bank Berhad
- M&A Securities Sdn Bhd
- NewParadigm Securities Sdn Bhd
- Nomura Securities Malaysia Sdn Bhd
- Phillip Capital Sdn Bhd
- Public Investment Bank Berhad
- RHB Investment Bank Berhad
- TA Securities Holdings Berhad
- UOB Kay Hian Securities (M) Sdn Bhd
- UBS Securities Malaysia Sdn Bhd
Investors interested in learning more about Bursa Malaysia-i can visit https://www.bursamalaysia.com/trade/our_products_services/islamic_market/bursa_ malaysia_i/overview or contact icm@bursamalaysia.com.
- An Islamic window refers to a Participating Organisation that operates both conventional and Islamic stockbroking businesses, whereas a full-fledged Islamic brokerage refers to a Participating Organisation conducting its stockbroking business entirely in accordance with Shariah principles.
