This is the second consecutive year that Bursa Malaysia has emerged winner in the category, introduced in 2018 in recognition of the most outstanding stock exchange for the listing of shariah-compliant securities in an enabling and conducive ecosystem.

“Malaysia is widely acknowledged as the global leader in the Islamic financial marketplace, and Bursa Malaysia is proud to be able to play a significant role in its growth,” said Bursa Malaysia CEO Muhamad Umar Swift.

“With the support of our Islamic brokers, we will continue to develop and provide more shariah-compliant opportunities to both issuers and investors.

“This global recognition from IFN is another milestone that will encourage our ongoing efforts to advance and strengthen Bursa’s capabilities in the Islamic capital marketplace.”

Shariah market capitalisation stood at RM1.2 trillion or 71.1% of total market capitalisation as of Aug 31. Shariah-compliant securities are listed on the Main, ACE and LEAP Markets.

For the same period, 715 or 76.6% of the total 933 companies listed on the exchange are shariah-compliant.