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Tuesday, 7 July 2009

There Are Strong Opportunities In The Islamic Equity Market


KUALA LUMPUR, July 6 (Bernama) -- There are strong opportunities in the Islamic equity market, says Securities Commission chairman Tan Sri Zarinah Anwar.

"Equities offer a wide scope for innovation. Instruments such as Shariah-compliant exchange-traded funds, real-estate investment trusts (REITs) and structured products are attracting strong interest," she said in her special keynote address at the 2009 London Sukuk Summit recently.

"For instance, there is a large demand for REITs.In Malaysia, there are strong prospects for Shariah-compliant REITs, so much so that a conventional REIT was recently converted to one that is Shariah-based," she added.

This year, Zarinah said Xingquan, a China-based company seeking to list on the Malaysian stock exchange, also applied for and received pre-initial public offering (IPO) Shariah-compliant status for its shares.

This will thus make the company, eligible for inclusion in the investment portfolio of individual and institutional investors seeking Shariah compliant investments, she explained.

Islamic finance links:
Islamic finance consulting and training (GlobalPro Consulting- Kuala Lumpur,Malaysia)
Islamic finance consultant and trainer (Ahmad Sanusi Husain-Kuala Lumpur,Malaysia)

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