ICM Series: Islamic Equity Market Explained
Growing awareness of and demand for investing in accordance with Shariah principles on a global scale have been the catalyst towards a flourishing Islamic financial services industry. This is also a reflection of the increasing wealth and capacity of investors, both Muslim and non-Muslim, to seek and invest in new investment products that serve their needs.
As at end 2017, the number of Shariah-compliant securities increased to 688 securities, which constituted 76.19% of the 903 listed securities on Bursa Malaysia excluding LEAP market securities. The market capitalisation of Shariah compliant securities stood at RM1,133.83 billion or 59.46% of the total market capitalisation.