Public Investment Bank in Bursa’s Islamic POs list

KUALA LUMPUR: Bursa Malaysia Bhd has added Public Investment Bank Bhd (PIVB) to its Islamic Participating Organisations (Islamic POs) list, making it the 13th stockbroking house partnering with Bursa Malaysia-i.

Bursa Malaysia CEO Datuk Seri Tajuddin Atan said together it will provide a conducive marketplace for the syariah investing community and will continue to spur the growth and vibrancy of the Islamic capital market domestically and regionally.

PIVB CEO Eddie Fong said this offers clients options and flexibility to invest and trade freely in the equity market in compliance with syariah principles.

“Moving forward, PIVB will strive to broaden its range of Islamic services that it presently offers to create a comprehensive marketplace and continuously contribute to the Malaysian Islamic capital market,” Fong said.

Bursa Malaysia had on Sept 5, 2016 launched Bursa Malaysia-i, the world’s first end-to-end integrated syariah investing platform. The platform incorporates a full range of syariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services, to underscore Bursa Malaysia’s leadership as the global marketplace for syariah listings and investments.

With the latest addition, there are 13 Islamic POs carrying out Islamic stockbroking services of which BIMB Securities Sdn Bhd is on a full-fledged basis and the remainder on a “window” basis.