The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).
The updated list, which takes effect on 30 May 2014, features a total of 665 Shariah-compliant securities. These counters constitute 73 per cent of the total 905 listed securities on Bursa Malaysia.
The list includes twenty-eight (28) newly classified Shariah-compliant securities and excludes nine (9) from the previous list issued in November 2013. The Shariah-compliant securities are well represented in the different business sectors (Appendix).
The full list, which is updated twice a year based on the companies’ latest annual audited financial statements, is now available on the SC website at www.sc.com.my. The next updated list will be made available in November 2014.
ABOUT SECURITIES COMMISSION MALAYSIA
The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established on1 March 1993 under the Securities Commission Act 1993. The SC, in celebration of its 20th Anniversary with the theme of Leading, Defining, Transforming this year, is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets & Services Act 2007.
Originally Published on www.amilin.tv