Published: Thursday October 28, 2010 MYT 3:46:00 PM
Updated: Thursday October 28, 2010 MYT 3:47:11 PM
Sukuk listings on local bourse set to grow
KUALA LUMPUR: Sukuk listings on the local stock exchange will continue to grow as the private sector seeks funding for development projects.
“Malaysia has a lot of plans for development initiatives.
“The Government has indicated that they want the private sector to drive the investments for these initiatives so we expect the capital markets to be a major source of funding,” Bursa Malaysia Bhd chief executive officer Datuk Yusli Mohamed Yusoff told reporters today on the sidelines of the Global Islamic Finance Forum 2010.
On that score, Yusli is optimistic that the capital markets will be tapped extensively by corporates to fund these various initiatives for the coming years.