Asian syariah traded fund in 6 months
Of course, this initiative is coming from south of the Causeway, courtesy of the SGX (Singapore Exchange). Its reported to be the world's first Asian syariah exchange-traded fund. It could, according to a report in today's Spore Business Times , draw billions of dollars to Spore.
Bursa Msia - where are you?
SGX is also planning to develop a series of syariah-compliant indexes. The first index of the series, the FTSE-SGX Asia Shariah 100 Index, is expected to be launched next month.
The indexes will comprise large-cap syariah-compliant stocks from Japan, Hong Kong, Spore, South Korea and Taiwan.
Note: no syariah-compliant stocks from Msia. Are there no stocks from Msia deemed worthy of being included in these indexes? That should be another wake-up call for Bursa and the govt - if there's anybody there monitoring all these developments - indicative of Spore's ambition to be an Islamic finance hub and an Asian gateway for Islamic investors.
Now that would be a huge embarassment for M'sia
Originally Posted by sirgalahad2010
The world needs more Canada
Why would it be? Pray do tell.
Originally Posted by AllUrban
I reckon it should be more of a wake up call or spur to action really. If we were to be embarrassed about everything, Malaysians might as well stay at home and never come out.
The fact is, being thin-skinned and improvising to the current state of affairs is a formidable skill that many people should learn. In this case we can look at our southern neigbours as well. They would rather drink their own pee than allow Malaysia's water deal through. Pee drinking or otherwise, their recent move is good regionally and that ain't too bad.