Latest news with #Fad'l
The Sun
a day ago
- Business
- The Sun
Bursa Malaysia, Grab channel zakat to aid 500 kidney patients
KUALA LUMPUR: A total of 500 kidney patients from the asnaf group in the Federal Territories will receive RM300 Grab ride vouchers each to help ease transportation to dialysis treatment centres. The RM150,000 contribution was made through wakalah zakat funds from Bursa Malaysia (RM100,000) and Grab Malaysia (RM50,000), under the Federal Territories Islamic Religious Council (MAIWP). Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar said the initiative aims to ease the financial burden of patients who require long-term dialysis treatment. 'With the high cost of transportation, especially for those who need to travel several times a week, this burden can be overwhelming. 'This contribution may not be much, but I hope it can at least help make things easier for the patients so they can focus better on their treatment,' he said at the Zakat Collection Centre (PPZ)-MAIWP Ziarah Kasih programme at the Batu Muda MAIWP-PICOMS Haemodialysis Centre here today. Also present were University College of MAIWP International (UCMI) chief executive officer and vice-chancellor Datuk Prof Dr Noor Inayah Yaakub, Bursa Malaysia chief executive officer Datuk Fad'l Mohamed and Grab Malaysia country operations and mobility director Rashid Shukor. Meanwhile, Fad'l said the wakalah zakat contribution reflected Bursa Malaysia's commitment to supporting initiatives that bring a positive impact to society. 'We believe a company's success is not only measured by financial performance or operational excellence, but also by its contribution to community wellbeing and sustainability practices,' he said. Fad'l added that the collaboration with PPZ-MAIWP was an example of how zakat could be effectively channelled to ease the burden of the underprivileged. He said Bursa Malaysia would continue to play an active role in leveraging zakat as a social finance tool, while encouraging public-listed companies to give back to the community.
Barnama
a day ago
- Business
- Barnama
Bursa Malaysia, Grab Channel zakat To Aid 500 Kidney Patients
KUALA LUMPUR, June 19 (Bernama) -- A total of 500 kidney patients from the asnaf group in the Federal Territories will receive RM300 Grab ride vouchers each to help ease transportation to dialysis treatment centres. The RM150,000 contribution was made through wakalah zakat funds from Bursa Malaysia (RM100,000) and Grab Malaysia (RM50,000), under the Federal Territories Islamic Religious Council (MAIWP). Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar said the initiative aims to ease the financial burden of patients who require long-term dialysis treatment. 'With the high cost of transportation, especially for those who need to travel several times a week, this burden can be overwhelming. 'This contribution may not be much, but I hope it can at least help make things easier for the patients so they can focus better on their treatment,' he said at the Zakat Collection Centre (PPZ)-MAIWP Ziarah Kasih programme at the Batu Muda MAIWP-PICOMS Haemodialysis Centre here today. Also present were University College of MAIWP International (UCMI) chief executive officer and vice-chancellor Datuk Prof Dr Noor Inayah Yaakub, Bursa Malaysia chief executive officer Datuk Fad'l Mohamed and Grab Malaysia country operations and mobility director Rashid Shukor. Meanwhile, Fad'l said the wakalah zakat contribution reflected Bursa Malaysia's commitment to supporting initiatives that bring a positive impact to society. 'We believe a company's success is not only measured by financial performance or operational excellence, but also by its contribution to community wellbeing and sustainability practices,' he said. Fad'l added that the collaboration with PPZ-MAIWP was an example of how zakat could be effectively channelled to ease the burden of the underprivileged.
The Sun
26-05-2025
- Business
- The Sun
Bursa Malaysia collaborate with BoardRoom to push wider adoption of CSI Solution
PETALING JAYA: Bursa Malaysia Bhd in collaborating with BoardRoom Group, a provider of corporate and advisory services in the Asia-Pacific region, to encourage wider adoption of the Centralised Sustainability Intelligence (CSI) Solution among Malaysian public listed companies (PLC), with the goal of enhancing the quality of sustainability disclosures across the corporate sector. The CSI Solution was developed by Bursa Malaysia in support of Malaysia's transition to a low-carbon economy. It enables companies, listed and non-listed, streamline sustainability reporting. Following its designation in March as the exchange's official sustainability reporting channel, the CSI Solution's disclosure module now supports the International Sustainability Standards Board IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures under the National Sustainability Reporting Framework. Bursa Malaysia CEO Datuk Fad'l Mohamed said: 'Bursa Malaysia is committed to supporting Malaysian companies in their decarbonisation journey and lowering their climate impact. This commitment is reflected in our decision to make CSI reporting tools, aligned with IFRS S1 and S2, accessible at no charge to all public listed companies.' He added that their collaboration with BoardRoom will extend the CSI Solution's reach. 'Leveraging BoardRoom's established presence and sustainability advisory expertise in the corporate advisory space, we hope to support more companies in navigating evolving disclosure requirements and enhancing the quality of their sustainability reporting with greater confidence,' said Fad'l. BoardRoom Group CEO Angeline Aw said, 'We are proud to partner with Bursa Malaysia, to scale the CSI Solution across the corporate sector. This collaboration builds on our strong and long-standing relationship with the exchange, underpinned by our shared commitment to strengthening corporate governance and regulatory readiness. With our deep experience in serving public listed companies and expertise in Sustainability Reporting and Advisory, BoardRoom is well-positioned to support clients in adopting the CSI Solution and producing impactful sustainability reports.' Since its launch in June 2024, around 180 PLC have onboarded onto the CSI Platform. All companies, not just PLC but also mid-tier companies and small-medium enterprises are encouraged to adopt the CSI Solution to strengthen their sustainability journey. By leveraging its comprehensive suite of services, including an emissions calculator, a supplier management module, and a range of complementary value-added services delivered through a network of ecosystem partners, businesses can enhance their environmental performance and drive long-term value.
The Sun
28-04-2025
- Business
- The Sun
Bursa Malaysia posts lower Patami of RM68.4m in Q1 due to drop in operating revenue
PETALING JAYA: Bursa Malaysia Bhd posted profit after tax, zakat and minority interest (Patami) of RM68.4 million for the first quarter ended March 31,2025 (Q1'25), an 8.8% decrease from RM75 million in the corresponding quarter ended March 31, 2024 (Q1'24). The decrease in Patami was primarily attributed to a 1.7% drop in operating revenue to RM177.7 million in Q1'25 from RM180.7 million previously. Concurrently, total operating expenses increased by 6.7% to RM92.9 million in Q1'25 against RM87.1 million in Q1'24, due to higher technology expenses and higher subscription costs following the launch of the Centralised Sustainability Intelligence (CSI) platform in June 2024. 'The first quarter of 2025 proved to be a challenging period for global markets, weighed down by external factors affecting equity market performance. Notwithstanding the headwinds, Malaysia's capital market remains resilient, supported by strong economic fundamentals and the government's clear policy direction, supported by outlined national roadmaps in key growth areas. 'At Bursa Malaysia, we are encouraged by the strong IPO (initial public offering) momentum, with 16 listings recorded to date, keeping the exchange on track to meet its full-year target of 60 IPOs,' said Bursa Malaysia CEO Datuk Fad'l Mohamed. For the current quarter under review, the lower operating revenue in the securities market is primarily due to a decrease in trading revenue, with the average daily trading value for on-market trades and direct business trades declined by 11.9% to RM2.8 billion in Q1'25 against RM3.2 billion in Q1'24. Trading velocity in Q1'25 dropped by six percentage points to 33% from 39% in Q1'24. The lower number of trading days, by two days, in Q1'25, compared to Q1'24, also contributed to the decline in operating revenue. As for the derivatives market, trading revenue saw a notable increase of 13.7% to RM28.9 million from RM25.4 million, driven mainly by higher average daily contracts traded for crude palm oil futures. Revenue from conference fees and exhibition-related income increased by 12.1% to RM7.1 million from RM6.4 million, supported by higher number of participants at the Palm and Lauric Oils Price Outlook Conference and Exhibition. On the Islamic market front, operating revenue recorded a 23% increase to RM5.5 million in Q1'25 from RM4.5 million in Q1'24, mainly driven by higher Bursa Suq Al-Sila' trading revenue. Revenue from Bursa Gold Dinar increased to RM0.6 million from RM0.2 million. Meanwhile, the data business segment maintained its growth momentum, with operating revenue increasing by 2.1% to RM19.4 million in Q1'25 from RM19 million in Q1'24. Fad'l said, 'While global market uncertainties, including geopolitical tensions, US trade and monetary policy decisions, and commodity price volatility continue to shape investor sentiment, Bursa Malaysia remains focused on strengthening market resilience through ongoing outreach efforts and enhanced product offerings, to broaden investor participation. We expect these initiatives will help cushion against external headwinds and sustain healthy trading activity across our markets.' He added. 'We will continue to enhance investor accessibility through closer engagement or collaboration with industry partners. We also remain committed to driving sustainability excellence and strengthening our market's competitiveness, particularly by enhancing the attractiveness of listed companies. By designating the CSI as our dedicated sustainability reporting platform, now enhanced with artificial intelligence capabilities, we are empowering all listed companies to deliver more robust, transparent disclosures. 'Additionally, we will expand offerings under Bursa Carbon Exchange and Bursa Malaysia RAM Capital Sdn Bhd to support Malaysia's transition to a low-carbon economy and to provide funding flexibility to companies, respectively.' Fad'l concluded, 'Amid ongoing global economic challenges and uncertainties, the exchange continues to strive meeting all its five headline key performance indicators for the financial year ending 2025. The board of directors also wishes to record its appreciation to the outgoing chairman, Tan Sri Abdul Wahid Omar, for his invaluable contributions over the past five years.
Business Times
28-04-2025
- Business
- Business Times
Bursa Malaysia's Q1 net profit falls 8.8% on lower trading revenue
[KUALA LUMPUR] Bursa Malaysia's net profit declined 8.8 per cent year on year to RM68.4 million (S$20.6 million) for the first quarter of 2025, the exchange operator said on Monday (Apr 28). Revenue fell 1.5 per cent to RM184.4 million from a year earlier, as lower trading revenue and higher expenses weighed on performance, Bursa Malaysia chief executive officer Fad'l Mohamed said in a statement. The average daily trading value on the securities market dropped nearly 12 per cent to RM2.8 billion, compared to RM3.2 billion in the first quarter of 2024. Fewer trading days – 58 versus 60 a year earlier – also contributed to the revenue decline, he said. Trading velocity slipped to 33 per cent from 39 per cent over the same period. 'The first quarter of 2025 proved to be a challenging period for global markets, weighed down by external factors affecting equity market performance,' Fad'l said. Bursa Malaysia chief executive officer Fad'l Mohamed notes that Malaysia's capital market remains resilient, supported by strong economic fundamentals and government policy direction. PHOTO: BURSA MALAYSIA Still, he stressed that Malaysia's capital market remains resilient, supported by strong economic fundamentals and government policy direction, including national roadmaps for key growth sectors. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Despite softer trading activity, Bursa Malaysia has recorded 16 initial public offerings (IPOs) so far this year, keeping it on track to meet its full-year target of 60 listings, Fad'l said. As at Mar 31, Bursa Malaysia's market capitalisation stood at RM1.9 trillion, down 1.9 per cent from a year earlier. Last year, Bursa hosted 55 listings that raised RM7.4 billion, making it the most active exchange by deal count in South-east Asia. This year, market sentiment has been hit by global uncertainties. Cuckoo International and SPB Development deferred their IPO plans, citing unstable conditions. Bloomberg also reported that advisers for South Korea's OCI Holdings have paused work on the IPO of its Malaysian polysilicon unit due to market volatility. On Monday, the benchmark FBM KLCI closed at 1,521.59 points, 0.8 per cent higher from the previous trading day, with 2.6 billion shares traded. Year-to-date, the index has fallen nearly 7 per cent from 1,632.87 points at the start of the year. Robust activities in derivatives market The derivatives market provided some support, with revenue up 13.7 per cent to RM28.9 million, driven by higher trading activity in crude palm oil futures and FTSE Bursa Malaysia KLCI Futures contracts. Revenue from the Islamic capital market rose 23 per cent year on year to RM5.5 million. Non-trading revenue, which includes listing and issuer services as well as depository services, grew 4.9 per cent to RM66.5 million. Bursa Malaysia's financial results note indicated that securities market activity remains sensitive to global and local factors – including US policy uncertainties, risks of escalating trade tensions, monetary policy shifts, geopolitical risks and corporate earnings performance. 'The derivatives market's activity was influenced by volatility in commodity prices, delays in Indonesia's biodiesel policy implementation, production levels in palm oil-producing nations, and movements in the broader equity markets,' said the exchange. For Islamic markets, Bursa Malaysia noted that it remains focused on improving investor accessibility through its Islamic investing platform, and aims to attract a broader range of investors amid growing demand for ethical and syariah-compliant investments.
