"We are in early discussions with Turkey, and we can share our experience with them. We want to be able to tap into their market once they offer the right type of products," he told reporters on the sidelines of the Kuala Lumpur Islamic Finance Forum 2008 yesterday.
Yusli said the Middle East region is a big market for Bursa Malaysia, and it will focus on partnerships or alliances.
"We will basically exchange information, and as we get to know their market better, we hope that the products we develop can be marketed to their investors there," he said.
Bursa Malaysia recently established a working relationship with Korea Exchange, in which the latter signed an agreement to develop the infrastructure for the Commodity Murabahah House (CMH), an international spot commodity platform which operates under syariah requirements.
Yusli also said a new Islamic exchange-traded fund (ETF) will be launched by next year.
"We are looking to launch plantation and oil and gas indices so we hope to develop an ETF for that. The ETF will be launched by a fund manager while we trade the index (indices)," he said.
The fund manager has yet to be determined, Yusli added.
On the merging of the local stock exchange's main and second boards, Yusli said the Securities Commission will be making an announcement by 2009 and the merger is expected to be implemented by mid-2009.
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