Bring on sukuk competition – Bursa Malaysia

The Malaysian stock exchange needs to step up its game, Tajuddin Atan, chief executive, tells FinanceAsia.

Bring on sukuk competition – Bursa Malaysia
Tajuddin Atan

Malaysia has nothing to fear from the emergence of London and Hong Kong as nascent trading hubs for Islamic finance, according to Tajuddin Atan, chief executive of Bursa Malaysia.

The largely Muslim country has established itself as the world’s biggest centre for Islamic finance, accounting for 42% of global volume this year, compared with Saudi Arabia in second place with 26.4%, according to Dealogic data.

However, a sharp increase in volume over...

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