Malaysia offers a holistic set of Islamic capital market
infrastructure, including products, stockbrokers, trust funds and debt securities (sukuk).
Currently, there is one full-fledged Islamic stockbroking company and two conventional stockbroking
companies that provide Islamic windows in the Islamic capital market.
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"Best Practices
in Islamic Stockbroking Services"In fulfilling the specific needs of private investors, there are
also asset management companies that manage funds in accordance to the Shariah principles. These
funds offer various investment mandates and invest in Malaysian and foreign capital markets, and
are open to eligible local and foreign investors.
In our efforts to continuously increase the breadth of Islamic
capital market investment offerings, the world's first Islamic real estate investment trust
(Islamic REIT), the Al-‘Aqar KPJ REIT was listed on Bursa Malaysia on 10 August 2006. It was set up
by KPJ Healthcare which injected six of its hospitals into the fund. The 2nd Islamic REIT, the
world’s 1st Islamic Plantation REIT called Al-Hadharah Boustead REIT was subsequently listed on
Bursa Malaysia in early 2007.
MyETF, Asia’s 1st Shariah compliant Exchange Traded Fund (ETF) was
listed on Bursa Malaysia on 31 January 2008. MyETF tracks the Dow Jones Islamic Market Malaysia
Titans 25 Index (MyETFDJ) and comprises a blue-chip index tracking the 25 largest listed Malaysian
companies that comply with Shariah investment guidelines.
More Islamic REITs and ETFs are anticipated to deepen the offerings
as these are attractive asset classes for investors who seek diversification.
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