Malaysia's Bursa eyes growth for Islamic platform

A company official stated that Malaysia's stock exchange operator has the purpose to double the daily average trades on its murabaha platform from 1 billion ringgit ($313 million) next year as it develops its Islamic finance products in overseas markets.
One of the key challenges to the emerging Islamic finance industry is the lack of liquidity tools. The sharia banks being held back partly because of the limited range of products they can invest in.
Bursa Malaysia will develop its business in Middle Eastern countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Qatar and Jordan. The statement was given by Norfadelizan Abdul Rahman, the exchange's Islamic markets' acting global head.