Bursa Malaysia launches shariah-compliant carbon exchange

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar

KUALA LUMPUR: Bursa Malaysia Bhd today launched Malaysia's pioneer voluntary carbon market (VCM) with the introduction of the Bursa Carbon Exchange (BCX).

Chairman Tan Sri Abdul Wahid Omar said BCX is operated by Bursa Malaysia and is the first Shariah-compliant carbon exchange in the world, diversifying the product universe for the environmental, social and governance (ESG) and Shariah-compliant products.