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.
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Last Updated
LAST UPDATED:
13 Feb 2018
Information template (pdf)
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13 Feb 2018
LAST UPDATED:
13 Feb 2018
Application form (pdf)
DOWNLOAD 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:

Deputy General Manager and Head Product Evaluation Department

Development & Islamic Markets
Securities Commission Malaysia
3, Persiaran Bukit Kiara
50490 Bukit Kiara Kuala Lumpur
Tel: +603-2091 0770
Fax: 603-20910 680

For further clarification, please contact:
Mohamad Zahril Jumari
Tel: +603-2091 0705
E-mail: [email protected]