Kuala Lumpur, 31 May 2010

SC’s Shariah Advisory Council updates list of Shariah-compliant Securities

The Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC). The updated list will take effect on 31 May 2010.

The list features a total of 847 Shariah-compliant securities that constitute 88 per cent of the total 960 listed securities on Bursa Malaysia. These companies represent 63 per cent of the total market capitalisation. It includes 12 newly classified Shariah-compliant securities and excludes three from the previous list issued in November 2009. It also indicates that Shariah-compliant securities are well represented in all sectors of industry (click here to view tables – pdf).

The full list of Shariah-compliant securities is updated twice a year and is now available here. It will also be published in a booklet which can be obtained from the SC from 14 June 2010. The next updated list will be available in November 2010.