Kuala Lumpur, 25 September 2024 — KLDX, Malaysia’s leading digital securities exchange, has entered into a landmark partnership with Koperasi Kakitangan Petronas (KOPETRO) to accelerate financial inclusion by expanding access to Shariah-compliant private market assets. The strategic partnership was formalised in a signing ceremony, representing a major milestone in transforming Malaysia’s financial landscape through Islamic Finance.
This collaboration is set to revolutionise the way KOPETRO members access private market investments, a domain traditionally reserved for institutional investors. Through KLDX’s cutting-edge digital platform, members will have the unique opportunity to diversify their portfolios with Shariah-compliant investment products, furthering wealth generation and enhancing financial inclusivity within the framework of Islamic finance.
Empowering Communities Through Shariah-Compliant Innovation
At the signing ceremony, Selvarany Rasiah, Founder and CEO of KLDX, emphasised the pivotal role this partnership will play in promoting financial inclusion. “This collaboration with KOPETRO marks a significant step in our mission to democratise access to Shariah-compliant private market assets. We are proud to provide KOPETRO’s members with innovative opportunities that align with Islamic principles, empowering them to participate in new wealth-creation pathways.”
Ahmad Shakir Bin Ahmad Ubaidah, CEO of KOPETRO, shared similar sentiments, highlighting the potential impact on its members. “At KOPETRO, our goal has always been to enhance the financial security of our members, and this partnership with KLDX helps us fulfill that goal. By providing access to Shariah-compliant private market assets, we’re offering our members an exciting and ethical way to diversify their investments and achieve financial growth.”
Driving Financial Inclusion Through Islamic Private Markets
This partnership is a critical step toward advancing Islamic fintech in Malaysia. By leveraging KLDX’s secure, transparent, and efficient digital platform, KOPETRO members will gain access to previously unavailable Shariah-compliant private market assets. This initiative is expected to set a new standard for other cooperative societies to engage with Islamic private markets, promoting broader financial empowerment across the nation.
