CGS-CIMB: Shariah indices continued to outperform conventional indices in 2020

Shariah indices have outperformed conventional indices in Bursa Malaysia for the past two years with the technology and healthcare sectors emerging as the top-performing sectors in 2020, said CGS-CIMB Securities Sdn Bhd.

In a research note today, it said the sustained outperformance of the shariah indexes over conventional stock indexes has led to more interest in shariah-based investments with the total Islamic assets under management (AUM) at RM217 billion as at end-December 2020.

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