Bursa Malaysia: Banks should consider listing their Islamic banking subsidiaries

KUALA LUMPUR: Bursa Malaysia Bhd has encouraged financial institutions to begin exploring the possibility of listing their Islamic banking subsidiaries due to inadequate shariah-compliant equity instruments in the financial service sector.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said financial institutions in Malaysia, such as major banks, are still categorised as conventional, albeit a big portion of their businesses are now shariah-compliant.