Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) welcomes MIDF Amanah Investment Bank Berhad (“MIDF Investment”) and KAF Equities Sdn Bhd (“KAF Equities”) (formerly known as KAF-Seagroatt & Campbell Securities Sdn Bhd) as its latest addition to its Islamic broker list offering Islamic stockbroking services on Bursa Malaysia-i. MIDF Investment had commenced its Islamic stockbroking operations in 3rd Quarter of 2019.
Chief Executive Officer of Bursa Malaysia, Datuk Muhamad Umar Swift said, “Bursa Malaysia is pleased to welcome MIDF Investment and KAF Equities as part of the Bursa Malaysia-i family of Islamic brokers. We look forward to the increased participation and continued support from our brokers to spur the growth and vibrancy of our marketplace, upholding Malaysia’s position as a global leader in the Islamic capital market.”
Chief Executive Officer of MIDF Investment, Datuk Dominic Silva said, “Being part of Bursa Malaysia-i is yet another significant milestone for us in our efforts to enhance our offerings and services. We are certainly pleased to be able to promote inclusivity to an even wider range of clients by offering our Shariah-based services in the Islamic capital markets.”
KAF Equities Managing Director, Dato' Ahmad Kadis said, "We are pleased to now be part of Bursa Malaysia-i, as it further enhances our equities platform by providing end-to-end Shariah-compliance for our clients in view of the tremendous growth in Shariah market capitalisation in recent years."
The Islamic stockbroking services play an important role in managing 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 Shariah-compliant investing platform, was launched in September 2016 by Bursa Malaysia. The platform offers a comprehensive range of exchange-related facilities including listing, trading, clearing, settlement, and depository services, leveraging on an existing infrastructure with enhancement to incorporate complete Shariah-compliant features, whereby investors invest in Shariah-compliant investment instruments in a Shariah-compliant manner.
The platform augments Bursa Malaysia’s leadership as the global marketplace and in delivering our unique proposition to further build our strength and competitive edge in the Islamic capital market space.
There are now 15 brokers offering Islamic stockbroking services, of which one (1) is on a full-fledged basis while the other 14 are on a ‘window’ basis.
Below is the list of brokers that conduct stockbroking business following Shariah principles:
- Affin Hwang Investment Bank Berhad
- AmInvestment Bank Berhad
- BIMB Securities Sdn Bhd (full-fledged)
- CGS-CIMB Securities Sdn Bhd
- Hong Leong Investment Bank
- 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
- KAF Equities Sdn Bhd (formerly known as KAF-Seagroatt & Campbell Securities Sdn Bhd)
