Overview

Currently, only issuers which are listed on the Official List of Bursa Malaysia Securities Berhad (“Exchange”) may apply to list its debt securities on the Exchange.

In an effort to promote the debt securities markets whilst enhancing the breadth and depth of investment options on Malaysian capital market, the Exchange is now offering a platform for the listing of Islamic bonds or sukuk and debt securities. This is in line with the effort of the Bank Negara Malaysia, the Securities Commission (“Commission”), and the government to develop Malaysia as an International Islamic Financial Centre (MIFC). Hence. The LR is amended to introduce a framework for the listing of sukuk and debt securities on the Exchange under an Exempt Regime by both listed or non-listed issuers (“Amendments”)

This framework will be applicable to sukuk or debt securities that are issued, offered or subscribed in accordance with section 229(1) and section 230(1) of the CMSA. This regime is specially catered for issuers who intend to list its sukuk or debt securities on the Exchange for the listing status and profiling purpose. The targeted group of investors of these instruments will be sophisticated and not retail investors. Hence, this listing of these instruments will offer institutions or high net worth investors and alternative investment product with enhanced transparency.

By an “Exempt Regime”, it means that sukuk or debt securities that are listed on the Exchange will not be quoted or traded on the Exchange.