Shariah Screening Assessment Toolkit

For Unlisted Micro, Small and Medium Enterprises

GENERAL INFORMATION

Company Profile

Company's name :

Company's registration number :

User's type :

Purpose of assessment :

Financial Information (RM)

Company's revenue :

Company's profit before tax (PBT) :

Company's total asset :

SECTION 1 : BUSINESS ACTIVITY BENCHMARK

Is the company involved in Shariah non-compliant businesses / activities?

Guide:
For details of Shariah non-compliant activities/ business, please click here

Does the contribution from Shariah non-compliant activities exceed the benchmarks?

Shariah non-compliant activities under the five-per cent benchmark

Conventional banking and lending

Conventional insurance

Gambling

Liquor and liquor-related activities

Pork and pork-related activities

Non-halal food and beverages

Shariah non-compliant entertainment

Tobacco and tobacco-related activities

Interest income from conventional accounts and instruments (including interest income awarded arising from a court judgement or arbitrator)

Dividends from Shariah non-compliant investments

Total

Total (%)

Shariah non-compliant activities under the 20-per cent benchmark

Rental received from Shariah non-compliant activities

Total

Total (%)

SECTION 2 : FINANCIAL RATIO BENCHMARK

Does the company place cash in conventional account(s) and / or instrument(s)?

Guide:
Cash only includes cash placed in conventional accounts and instruments, whereas cash placed in Islamic accounts and instruments is excluded from the calculation

FOR UNLISTED MICRO, SMALL AND MEDIUM ENTERPRISES

General Information

Section 1 : Business Activity Benchmarks

1. Is the company involved in Shariah non-compliant businesses/activities?

2. Does the contribution from Shariah non-compliant activities exceed the benchmarks?

	RM	%
Revenue from Shariah non-compliant activities under the five-per cent benchmark
Revenue from Shariah non-compliant activities under the 20-per cent benchmark
PBT from Shariah non-compliant activities under the five-per cent benchmark
PBT from Shariah non-compliant activities under the 20-per cent benchmark

Section 2 : Financial Ratio Benchmarks

3. Does the company place cash in conventional account(s) and/or instrument(s)?

4. Does the total cash placed in conventional account(s) and/or instrument(s) exceed the benchmark?

	RM	%
Total cash placed in conventional account(s) and/or instrument(s)

5. Does the company have interest-bearing debt?

6. Does the total interest-bearing debt exceed the benchmark?

	RM	%
Total interest-bearing debt

Status of the assessed company :

DISCLAIMER

This Shariah Screening Assessment Toolkit does not claim to contain all advice or information on the subject matter, nor is it a substitute for legal or investment advice. If in doubt, you are strongly recommended to seek professional advice.

The Securities Commission Malaysia (SC) does not involve in the assessment nor does it endorse the result of the assessment. Further, while care has been taken in the preparation of this Toolkit, the SC shall not be liable for any inaccuracy or incompleteness of the information contained herein.

SHARIAH SCREENING METHODOLOGY

	Benchmark
Business Activity Benchmark	<5%	The five-per cent benchmark is applicable to the following businesses/activities: Conventional banking and lending Conventional insurance Gambling Liquor and liquor-related activities Pork and pork-related activities Non-halal food and beverages Shariah non-compliant entertainment Tobacco and tobacco-related activities Interest income from conventional accounts and instruments (including interest income awarded arising from a court judgement or arbitrator) Dividends from Shariah non-compliant investments
Business Activity Benchmark	<20%	The 20-per cent benchmark is applicable to the following businesses/activities: Rental received from Shariah non-compliant activities
Finantial Ratio Benchmark	<33%	Cash Over Total Asset Cash only includes cash placed in conventional account(s) and/or instrument(s).
Finantial Ratio Benchmark	<49%	Debt Over Total Asset Debt only includes interest-bearing debt.

DISCLAIMER

about the SC

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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