Bursa Malaysia Bhd has appointed Azizan Abdul Aziz as director of its Islamic capital market (ICM), effective Friday, as part of its ongoing efforts to strengthen its position in the global Islamic finance space.
In a statement, the exchange operator said Azizan will take on the additional responsibility alongside his current role as chief financial officer, reflecting a dual mandate that combines financial leadership with strategic oversight of the Islamic capital market segment.
Bursa Malaysia chief executive officer Datuk Fad’l Mohamed said the appointment underscores the organisation’s continued commitment to advancing its Islamic capital market offering, which remains a key pillar of Malaysia’s broader capital market ecosystem.
“Azizan’s experience, financial expertise and deep institutional knowledge position him well to guide our Islamic market priorities, while continuing to ensure strong financial stewardship in his capacity as CFO,” he said.
Malaysia’s Islamic capital market has continued to show steady growth in recent years, expanding from RM2.2 trillion in 2020 to RM2.7 trillion as at end-2025. The segment is supported by strong contributions from both shariah-compliant equities and sukuk, which account for RM1.3 trillion and RM1.4 trillion respectively.
The depth of the market is further reflected in the high proportion of shariah-compliant listings on Bursa Malaysia, with more than 80% of public-listed companies classified as shariah-compliant, reinforcing the country’s leadership in Islamic finance globally.
In his new role, Azizan will be responsible for providing strategic direction and oversight across Bursa Malaysia’s Islamic capital market initiatives. This includes working closely with internal teams, regulators and market participants to further develop the ecosystem, enhance product offerings, and drive greater participation in shariah-compliant investments.
He brings more than two decades of experience in finance, accounting, corporate finance and advisory, positioning him to play a key role in shaping the next phase of growth for Malaysia’s Islamic capital market.
