Bursa Malaysia, the state-controlled financial exchange, is in talks with Middle Eastern banks to boost activity on its 18-month-old Islamic commodities market that increased five-fold last year.
Daily trading averaged RM351 million (S$147 million) in 2010, up from RM69.6 million in 2009 and has reached as high as RM4 billion this year, Raja Teh Maimunah, global head of Islamic markets at Kuala Lumpur-based Bursa, said in an interview on Monday.
Daily trading averaged RM351 million (S$147 million) in 2010, up from RM69.6 million in 2009 and has reached as high as RM4 billion this year, Raja Teh Maimunah, global head of Islamic markets at Kuala Lumpur-based Bursa, said in an interview on Monday.
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