Shariah-Compliant Securities
Screening Methodology
Shariah-compliant securities are securities of a public-listed company which have been classified as Shariah permissible for investment, based on the company’s compliance with Shariah principles in terms of its primary business and investment activities as well as financial position.

In classifying these securities, the SAC adopts a two-tier quantitative approach which applies the business activity benchmarks and financial ratio benchmarks, in determining the Shariah status of the securities.
List of Shariah-Compliant Securities
The list of Shariah-compliant securities, first introduced in 1997, gives investors the necessary guidance, opportunities and confidence to choose and invest in listed securities that comply with Shariah principles. The list is updated twice a year, i.e. in May and November.
Shariah Compliance Review for Pre-IPO Securities
Since 2004, the Shariah compliance review has been extended to securities at the pre-IPO stage, upon application by issuers. The issuers have the option to disclose the Shariah-compliant status in the prospectus and this will facilitate issuers in tapping a wider investor base seeking to invest in Shariah-compliant securities.
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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