Shariah Compliance Review For Pre-IPO Securities

The Shariah Advisory Council (SAC) of the SC conducts Shariah compliance review on securities listed as well as for securities to be listed on Bursa Malaysia.

Prospective issuers, at pre-IPO stage may apply to the SC to have such reviews conducted and have an opportunity to advertise or disclose the Shariah status of their securities in the prospectus of the company during the offering period.
  • Application Kit
    Please provide relevant information using the application formbelow. The information template acts as a general guide to the type of information required from applicants.
    Last Updated
    13 Feb 2018
    Information template (pdf)
    13 Feb 2018

    13 Feb 2018
    Application form (pdf)
    13 Feb 2018
  • 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 applicant (voluntary) and the decision to disclose the result of the Shariah compliance review to the public is at the discretion of the applicant.
  • 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:

    General Manager and Head Product Evaluation Department
    Islamic Capital Market Development
    Securities Commission Malaysia
    3, Persiaran Bukit Kiara
    50490 Bukit Kiara Kuala Lumpu

    For further clarification, please contact:
    Mohamad Zahril Jumari
    Tel: +603-62048972
    E-mail: [email protected]
General Line: +603-6204 8000
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