Updated List of Shariah-compliant Securities by SC’s Shariah Advisory Council

28 May 2009 | Kuala Lumpur

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 29 May 2009.

The updated list features a total of 848 securities which are classified by the SAC as Shariah-compliant securities. These counters constitute 88 per cent of the listed securities on Bursa Malaysia.

The list includes 13 newly classified Shariah-compliant securities (Table 1) and excludes one which was in the previous list issued in November 2008 (Table 2).

The list also indicates that Shariah-compliant securities are well represented in all sectors of industry (Table 3).

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 here. The next updated list will be available in November 2009.

The list will also be published in a booklet form and will be made available free of charge at the SC from 16 June 2009.

SHARIAH-COMPLIANT SECURITIES

Table 1: Newly classified Shariah-compliant securities

No.	Stock Code	Name of Security	No.	Stock Code	Name of Security
1.	0150	ASIA Bioenergy Technologies Bhd	8.	2186	Kuchai Development Bhd
2.	6297	Box-Pak (Malaysia) Bhd	9.	1945	PJ Development Holdings Bhd
3.	2852	Cahya Mata Sarawak Bhd	10.	5078	SILK Holdings Bhd
4.	5355	Daiman Development Bhd	11.	9865	Suiwah Corporation Bhd
5.	0149	Fibon Bhd	12.	4308	Sunway Holdings Bhd
6.	4251	I-Berhad	13.	6831	UBG Bhd
7.	5614	Integrated Logistics Bhd

Table 2: Newly classified Shariah-non compliant securities

No.	Stock Code	Name of Security
1.	8885	Reliance Pacific Bhd

Table 3: Shariah-compliant securities on Bursa Malaysia

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	132	93
Industrial Products	282	291	97
Mining	1	1	100
Construction	50	52	96
Trading / Services	167	199	84
Properties	76	90	84
Plantation	38	43	88
Technology	99	102	97
Infrastructure (IPC)	6	7	86
Finance	6	41	15
Hotels	Nil	4	Nil
Closed End Fund	Nil	1	Nil
TOTAL	848	963	88

¹ As at 21 May 2009

SURUHANJAYA SEKURITI MALAYSIA

SC-World Bank-IOSCO Asia Pacific Hub Conference 2019: Enhancing Financial Inclusion through Islamic Finance and FinTech
(From left to right):

Abayomi A. Alawode, Head of Islamic Finance, Finance, Competitiveness and Innovation, The World Bank Group
Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia (SC)
Dr. Firas Raad, Country Manager for Malaysia, East Asia and Pacific, The World Bank Group
Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of SC