By Philippine News Agency/Xinhua JAKARTA, August 2 — Executives of Indonesian and Malaysian stock markets signed on Tuesday a Memorandum of Understanding (MoU) document on the establishment of a World Sharia Stock Market Center, aimed at spurring growth potential of Sharia financial market particularly in stock market. Signing of the document was conducted by Indonesia Stock Exchange President Director Tito Sulistio and his Malaysian counterpart Tajuddin Bin Atan on the first day of 12th World Islamic Economic Forum (WIFE) held in Indonesia’s capital landmark convention center of JCC. “Through the cooperation, we expect Indonesian and Malaysian stock markets would continue their joint efforts in developing Sharia portfolio instruments and Sharia products in stock market which would eventually become the references in global level,” Tito said on the sidelines of the signing ceremony. Besides serving as the center to develop Sharia products and portfolios for stock markets, the planned World Sharia [...]
