ISLAMIC finance will be one of the key messages Malaysia will bring to the two-day Invest Malaysia London promotion campaign, which begins at the British capital today.
Bursa Malaysia chief executive officer (CEO) Datuk Tajuddin Atan told
Business Times that the issuance of Islamic
debt papers has been rising exponentially
in recent years, with total new sukuk issuance up to August amounting to
US$76.7 billion (RM241.76 billion), or 66 per cent of global sukuk issuance for the period.
The issuance is far ahead that of Saudi Arabia (13.11 per cent) and Qatar (5.3 per cent).
Malaysia holds about 57 per cent of the global sukuk market share and has more than 70 per cent of syariah-compliant companies, he said.
Thirteen local public-listed companies will showcase their expertise to some 39 British organisations and fund managers with a combined assets under management worth of about US$11 trillion.
Tajuddin said the local economy is fundamentally strong and companies listed on Bursa Malaysia offer diversity in products and services.
Meanwhile, Maybank Kim Eng CEO John Chong said the government has done a good job of making investing transparent through its national programmes.
“For example, we know what is coming into place this year and next year, such as the Goods and Services Tax, and all the programmes they have in place. This creates clarity and removes ambiguity among investors,’’ he said.
One of the key messages he hopes to share with investors is that by investing in Malaysian companies, investors are actually investing in home-grown multinationals that have increasingly extensive footprints in Asean and globally.
“If you look at Malaysia, the top 30 companies in Malaysia are indigenous companies, and another fact is that 45 per cent of their income come from outside of the country. This tells you that the top 30 indigenous firms are becoming multinationals and global players.
“From the banking sector, Maybank is present in every country in the region. You have oil and gas companies that have gone global, like SapuraKencana. Then you have Sime Darby, which has also gone global. So technically, if you invest in these companies, you are investing in the region. That is the main message we are bringing to potential investors,’’ Chong said.
The investment promotion drive is organised by Bursa Malaysia and Maybank Kim Eng Group.