Wednesday August 3 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.bursamalaysia.com/corporate/media-centre/media-releases/4393
On the 2nd August 2016, the Indonesia Stock Exchange (“IDX”) and Bursa Malaysia Berhad (“Bursa Malaysia”) announced that they had signed the second Memorandum of Understanding (“MoU”) to undertake a joint study to explore potential areas for collaboration, particularly in the development of the Islamic Capital Market in Malaysia and Indonesia.
Through this MOU, the two exchanges have agreed to develop their Islamic capital markets through several efforts, including joint studies, product development, joint events and promotions, as well as the improvement of human resources.
This MOU is the renewal the Memorandum of Understanding that has been made by the two countries earlier in 1996, which was last updated in 2006.
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