FTSE4Good Bursa Malaysia Shariah index launched

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift (pic) said the F4GBMS index caters to the growing demand for syariah-compliant investment tools.

PETALING JAYA: Bursa Malaysia Bhd and FTSE Russell have launched the FTSE4Good Bursa Malaysia Shariah (F4GBMS) index to meet the financial community’s sustainable and syariah-compliant investment needs.

According to the Securities Commission’s Shariah Advisory Council (SAC) screening methodology, this new environmental, social and governance (ESG)-themed index is designed to track constituents in the FTSE4Good Bursa Malaysia Index that are syariah-compliant.