Kuala Lumpur, 30 November 2007


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 1 December 2007. The full list is available here.

Eighteen securities, newly classified by the SAC as Shariah-compliant securities, have been added to the list (Table 1), which currently totals 853 securities. Ten securities, which were in the May 2007 list, have been excluded (Table 2).


Based on the current list, 86 percent 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 below.


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 May 2008.


Table 1: Newly classified Shariah-compliant securities











































































No.


Stock Code


Name of Security


No.


Stock Code


Name of Security


1.


7241


BHS Industries Bhd


10.


6025


Nexnews Bhd


2.


5136


Complete Logistic Services Bhd


11.


0052


OSK Ventures International Bhd


3.


5738


Country Heights Holdings Bhd


12.


5133


Petra Energy Bhd+


4.


5132


Deleum Bhd


13.


5339


PK Resources Bhd


5.


7086


Gefung Holdings Bhd


14.


8885


Reliance Pacific Bhd


6.


5138


Hap Seng Plantations Holdings Bhd+


15.


5135


Sarawak Plantation Bhd+


7.


7236


Help International Corporation Bhd


16.


7239


Scanwolf Corporation Bhd


8.


4847


Konsortium Transnasional Bhd


17.


4197


Sime Darby Bhd (formerly known as Synergy Drive Bhd +)


9.


3913


MUI Properties Bhd


18.


7240


Voir Holdings Bhd

+ The securities of these companies have been classified as Shariah-compliant at IPO stage

Table 2: Newly classified Shariah-non compliant securities














































No.


Stock Code


Name of Security


No.


Stock Code


Name of Security


1.


7102


Halim Mazmin Bhd


6.


4936


Malpac Holdings Bhd


2.


2852


Cahya Mata Sarawak Bhd


7.


9539


Multi-Usage Holdings Bhd


3.


0066


Fast Track Solution Holdings Bhd


8.


4405


Tan Chong Motor Holdings Bhd


4.


4251


I-Bhd


9.


7000


Transmile Group Bhd


5.


3573


Lien Hoe Corporation Bhd


10.


4995


Versatile Creative Bhd


Table 3: Shariah-compliant securities on Bursa Malaysia










































































Main Board/
Second Board/
MESDAQ Market


Shariah-compliant
securities


Total
securities [1]


Percentage
Of
Shariah-compliant
securities

  Consumer Products

123


133


92


  Industrial Products


280


301


93


  Mining


1


1


100


  Construction


54


56


96


  Trading / Services


167


201


83


  Properties


78


95


82


  Plantation


37


44


84


  Technology


101


104


97


  Infrastructure (IPC)


7


8


88


  Finance


5


42


12


  Hotels


Nil


5


Nil


  Closed End Fund


Nil


1


Nil

TOTAL

853


991


86

[1] As at 30 November 2007

 


SECURITIES COMMISSION