Islamic capital market has potential to expand

“In 2020, the country’s capital market registered an overall growth of 7% compared with 3% in 2019. This is largely due to the ICM segment, which increased by 11%, compared to 8% the previous year,” said SC executive chairman Datuk Syed Zaid Albar in his speech at the Islamic Capital Market Summit 2021: Connecting Islamic Capital Market To Shape a Sustainable Future.

KUALA LUMPUR: Malaysia continues to lead in the area of the Islamic capital market (ICM) segment of the economy and the country’s capital market has been resilient overall despite the ongoing Covid-19 pandemic.

Malaysia’s ICM has seen a stronger growth level in 2020 compared to 2019, said the Securities Commission (SC).