THE COMPANY: With the completion of the merger between SapuraCrest and Kencana, and the listing of the merged entity on the main market of Bursa Malaysia in May 2012, SapuraKencana Petroleum (SKP) has become the largest Malaysian oil and gas (O&G) service provider that is not owned by Petronas, after...
It may be the initial public offering capital of Southeast Asia and the global hub for Islamic finance, but Malaysia as of yet lacks a clearly defined centre for its banking and capital markets activities, a Wall Street or a City of London equivalent. The various components of the financial industry – the major institutions, the service providers...
With more than 60% of global sukuk issuances taking place in Malaysia – and around 70% of the country’s domestic debt issuances now in the form of these Islamic bonds – these days, Kuala Lumpur can rightly claim to be the global capital of sukuk. This status looks set to continue too, with the government firmly backing market expansion, both...
THE COMPANY: Malayan Banking (Maybank) commenced operations in 1960, and was listed on the Kuala Lumpur Stock Exchange, now Bursa Malaysia, in February 1962. Today Maybank is the largest company by market capitalisation on the bourse. It is also Malaysia’s biggest banking institution, with total assets of...
How do you expect the Islamic insurance market’s landscape to change following the introduction of a risk-based capital framework in 2012?
One of the main provisions of the government’s 2012 budget was the establishment of the RM2bn ($645.2m) Sharia-compliant Small and Medium-sized Enterprises (SMEs) Financing Scheme (SSFS). In October 2011 the government also launched the RM500m ($161.3m) Sharia-compliant Commercialisation Innovation Fund (CIF). These initiatives should have positive...
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