26 October 2006


Updated list of Shariah-compliant securities by SC’s Shariah Advisory Council


The Securities Commission (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC). The updated list of Shariah-compliant securities listed on Bursa Malaysia will take effect from 27 October 2006. The full list is available here.


Thirty three securities, newly classified by the SAC as Shariah-compliant securities, have been added to the list (Table 1), which currently totals 886 securities. Six securities, which were in the April 2006 list, have been excluded (Table 2).


Based on the current list, 86 per cent of the listed securities on Bursa Malaysia are classified as Shariah-compliant. Shariah-compliant securities are also well represented in all sectors of industry as shown in Table 3.


The latest list also provides the names of new companies that have taken over the listing status of previously listed Shariah-compliant companies (Table 4). In this instance, the Shariah status of the securities will only be determined after sufficient information has been obtained from the new companies.


In classifying the listed securities, the SAC received input and support from the SC and has applied a standard criterion in focusing on the activities of the companies listed on Bursa Malaysia. The approach and criteria in classifying the securities as well as the SAC’s advice and guidance on disposal of Shariah non-compliant securities are stated in the list.


A booklet on the list will be published soon and is issued free of charge by the SC. The next updated list will be available in April 2007.



Table 1: Newly classified Shariah-compliant securities


































































































































No.

Stock Code


Name of Security

No.

Stock Code

Name of Security

1.

0123

Airocom Technology Bhd

18.

1287

Pan Malaysia Holdings Bhd

2.

5115

Alam Maritim Resources Bhd

19.

5117

Putrajaya Perdana Bhd

3.

0130

BCT Technology Bhd

20.

5113

Rimbunan Sawit Bhd

4.

5037

Compugates Holdings Bhd

21.

0133

Sanichi Technology Bhd

5.

4774

Edaran Otomobil Nasional Bhd

22.

2356

Sarawak Enterprise Corporation Bhd

6.

7229

Favelle Favco Bhd

23.

0135

Scan Associates Bhd

7.

0128

Frontken Corporation Bhd

24.

0129

Silver Ridge Holdings Bhd

8.

2097

Furqan Business Organisation Bhd

25.

0137

StemLife Bhd

9.

0125

HDM-Carlaw Corporation Bhd

26.

5119

Swee Joo Bhd

10.

7193

Hi-City Bioscience Group Bhd

27.

4405

Tan Chong Motor Holdings Bhd

11.

2607

Inch Kenneth Kajang Rubber PLC

28.

0132

TechnoDex Bhd

12.

0088

INS Bioscience Bhd

29.

5112

TH Plantations Bhd

13.

0131

ISS Consulting Solutions Bhd

30.

7230

Tomei Consolidated Bhd

14.

0127

JHM Consolidation Bhd

31.

7227

UMS-Neiken Group Bhd

15.

9636

Kosmo Technology Industrial Bhd

32.

5016

Warisan TC Holdings Bhd

16.

4936

Malpac Holdings Bhd

33.

7231

Wellcall Holdings Bhd

17.

0126

Microlink Solutions Bhd

     



Table 2: Newly classified Shariah-non compliant securities

































No.


Stock Code


Name of Security


No.


Stock Code


Name of Security


1.


1783


Selangor Properties Bhd


4.


6025


Nexnews Bhd


2.


6785


Intan Utilities Bhd


5.


5339


PK Resources Bhd


3.


3808


Mechmar Corporation (M) Bhd


6.


2542


Riverview Rubber Estate Bhd



Table 3: Shariah-compliant securities on Bursa Malaysia











































































Main Board/
Second Board/
MESDAQ Market


Shariah-compliant securities


Total
securities1


Percentage of Shariah-compliant
securities

Consumer Products

130


138


94


Industrial Products


291


306


95


Mining


1


1


100


Construction


60


60


100


Trading / Services


171


208


82


Properties


78


99


79


Plantation


40


48


83


Technology


103


106


97


Infrastructure (IPC)


7


9


78


Finance


5


47


11


Hotels


Nil


5


Nil


Closed End Fund


Nil


2


Nil

TOTAL

886


1029


86



Table 4: New securities assuming listing status of previously Shariah-compliant securities















No.


New securities


No.


Previous securities that have been delisted from Bursa Malaysia


1.


Tradewinds Plantation Bhd


1.


Johore Tenggara Oil Palm Bhd


1 As at 18 October 2006



SECURITIES COMMISSION