Potential of Islamic capital market remains promising at home and abroad – Bursa chairman
According to Bursa Malaysia chairman Tan Sri Abdul Wahid Omar, the potential of the Islamic capital market remains promising both in Malaysia and abroad. During his keynote address at the Shariah Investing Virtual Conference 2020 Abdul Wahid said that in Malaysia alone, the industry of Islamic funds had demonstrated impressive growth. As of March, syariah funds stood at RM170 billion, representing 23% of total industry assets under management (AUM). Syariah unit trust funds' net asset value (NAV) stood at RM99 billion. Abdul Wahid added that there are opportunities for further product innovation and development to provide investors with more syariah-based products.
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