BURSA Malaysia Securities Bhd will be launching a Shariah-compliant version of the FTSE4Good Bursa Malaysia Index, known as the FTSE4Good Bursa Malaysia Shariah Index, next month. Its chairman Tan Sri Abdul Wahid Omar (picture) said this is part of Bursa Malaysia’s collaborative efforts working with financial institutions to offer sustainable financing products to public-listed companies (PLCs) that have shown interest and commitment in improving their environmental, social and governance (ESG) practices. “This new index will comprise constituents of the FTSE4Good Bursa Malaysia Index that are Shariah compliant according to the Securities Commission Malaysia Shariah Advisory Council’s screening methodology. On our part here at Bursa Malaysia, we will continue to promote sustainability among our listed issuers,” he said in a keynote address at the JC3 Flagship Conference 2021 last week. Abdul Wahid said the FTSE4Good Bursa Malaysia Index has played an essential role in recognising PLCs that have taken steps to improve their ESG practices and disclosures. Since its launch in 2014, the number of constituents in the index has more than tripled from 24 to 76.

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The Malaysian Reserve