Shariah Compliance Review For Pre-IPO Securities

At pre-IPO stage, prospective issuer may apply to the SC for review of its securities to be classified as Shariah-compliant by the SAC. The Shariah-compliant status accorded to the securities of the prospective issuer may be disclosed in the prospectus during the offering period, subject to the prospective issuer’s discretion.
  • Application Kit

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

    Last Updated
    13 Feb 2018
    Information required
    13 Feb 2018

    13 Feb 2018
    Application form
    20 Jan 2022
  • Processing Fee
    There is a processing fee (pdf) for a Shariah-compliance review at the pre-IPO stage.
    Last Updated
    13 Feb 2018
    Computation of Pre-IPO Fee
    20 August 2021
  • How to Apply?

    • The application for review of pre-IPO securities must be made through the applicant’s corporate adviser and submitted to:
      ICM Product 
      Islamic Capital Market 
      Securities Commission Malaysia
      3, Persiaran Bukit Kiara
      50490 Bukit Kiara, Kuala Lumpur

    • In addition to the submission of a hard copy of the application documents, an electronic copy of such documents must be submitted to the SC via email in the following manner:
      • Documents must be in a text searchable Portable Document Format (PDF);
      • The PDF-text files must be in a readable and proper condition; and
      • In a size of up to 10 MB per email to [email protected]
    For further clarification, please contact:
    Mohamad Zahril Jumari
    Tel: +603-62048972
    E-mail: [email protected]
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.

General Line: +603-6204 8000
General Email: [email protected]
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