Bursa Malaysia, Pribumi launch world's first zakat index

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.

KUALA LUMPUR: Bursa Malaysia Bhd and Persatuan Remisier Bumiputera Malaysia (PRIBUMI) have launched the PRIBUMI Bursa Malaysia Zakat Index (PBMZI), a new customised index designed to promote greater recognition of public listed companies (PLCs) that choose to adopt corporate zakat practice.

The exchange’s chairman Tan Sri Abdul Wahid Omar said the launch of the Zakat Index -- the world’s first -- seeks to recognise zakat-paying listed issuers and encourage greater zakat contributions from more PLCs.