The ICM is a component of the overall capital market in Malaysia.IT functions as a parallel market to the conventional capitalmarket, and plays a complementary role to the Islamic bankingsystem in broadening and deepening the Islamic financial marketsin Malaysia.
As the market became more complex and sophisticated, it neededsupportive infrastructure so that the system could operate andfunction more efficiently and effectively.
There is a wide array of ICM products and services to meet theneeds of those who seek to invest in compliance with Shariahprinciples.
These include Shariah-compliant stocks, Islamic bonds, Islamicfunds and Islamic risk management products.
The ICM has grown in sophistication and Islamic forms of productstructuring, project financing, stockbroking, asset managementand venture capital services are becoming increasingly widelyavailable.