Shariah Compliance Review for Pre-IPO Securities

The Shariah Advisory Council (SAC) of the SC conducts Shariah compliance review on securities listed on Bursa Malaysia. To further develop and promote the Islamic capital market in Malaysia, the Shariah compliance review process have been extended to include securities at pre-IPO stage. From 1 October 2004, prospective issuers may apply to the SC to have such reviews conducted.

Application Kit
Please provide relevant information using the application form below. The information template acts as a general guide to the type of information we require from applicants.

• Application form (pdf)
• Information template (pdf)

Processing Fee
There is a processing fee (pdf) for a Shariah-compliance review at the pre-IPO stage.

Disclosure in the Prospectus
Shariah compliance review is made upon request by the issuer (voluntary) and the decision to disclose the result of the Shariah review to the public is at the discretion of the companies.

How to Apply?
The application for the SC to conduct a Shariah-compliance review for pre-IPO securities must be made through the applicant's corporate adviser and submitted to:

Head
Islamic Capital Market Department
Securities Commission
3, Persiaran Bukit Kiara
50490 Bukit Kiara
Kuala Lumpur

Tel: 603-6204 8000
Fax: 603-6201 5082

For further clarification, please contact:
Zainol Ali at 603-6204 8666 ( zainol@seccom.com.my ).