Kuala Lumpur, 27 November 2008


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 on 28 November 2008.


The updated list comprises a total of 855 securities which are classified by the SAC as Shariah-compliant securities. These constitute 87% of the listed securities on Bursa Malaysia.


The list adds 25 newly classified Shariah-compliant securities (Table 1) and excludes two securities from the previous list issued in May 2008 (Table 2). The list also indicates that Shariah-compliant securities are well represented in all sectors of industry (Table 3).


In classifying the listed securities, the SAC has applied a set of standard criteria 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.


The full list, which is updated twice a year, is available on the SC website at here (pdf). The next updated list will be available in May 2009.


The list will also be published in a booklet form and distributed free by the SC in December 2008.




SHARIAH COMPLIANT SECURITIES


Table 1: Newly classified Shariah-compliant securities






































































































No.


Stock Code


Name of Security


No.


Stock Code


Name of Security


1.


1007


AMDB Bhd


14.


5146


Perwaja Holdings Bhd


2.


7048


Atlan Holdings Bhd


15.


8419


PWE Industries Bhd


3.


1147


Equine Capital Bhd


16.


2542


Riverview Rubber Estates Bhd


4.


3034


Hap Seng Consolidated Berhad


17.


5145


Sealink International Bhd


5.


9601


Ho Wah Genting Berhad


18.


1783


Selangor Properties Bhd


6.


5215


IJM Land Bhd


19.


4405


Tan Chong Motor Holdings Berhad


7.


0147


Innity Corporation Bhd


20.


7252


Teo Seng Capital Berhad


8.


3522


Kian Joo Can Factory Berhad


21.


5148


UEM Land Holdings Bhd+


9.


5143


Luxchem Corporation Bhd


22.


2593


United Malacca Bhd


10.


3824


Malaysian Mosaics Berhad


23.


7250


Uzma Bhd


11.


0059


M-Mode Berhad


24.


7251


Vastalux Energy Bhd+


12.


9539


Multi-Usage Holdings Berhad


25.


4995


Versatile Creative Berhad


13.


8613


Perduren (M) 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.


5614


Integrated Logistics Berhad


2.


5019


Unico Desa Plantations Berhad



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

123


133


92


Industrial Products


286


297


96


Mining


Nil


1


Nil


Construction


51


54


94


Trading / Services


171


205


83


Properties


75


91


82


Plantation


39


44


89


Technology


100


102


98


Infrastructure (IPC)


5


7


71


Finance


5


41


12


Hotels


Nil


4


Nil


Closed End Fund


Nil


1


Nil

TOTAL

855


980


87


As at 19 November 2008


SECURITIES COMMISSION