The Shariah Advisory Council (SAC) of the SC conducts Shariah compliance review on securities listed as well as for securities to be listed on Bursa Malaysia. Prospective issuers, at pre-IPO stage may apply to the SC to have such reviews conducted and have an opportunity to advertise or disclose the Shariah status of their securities in the prospectus of the company during the offering period.

  • Information template (pdf)
  • Application form(pdf)

Processing Fee

There is a processing fee (pdf) for a Shariah-compliance review at the pre-IPO stage.

Disclosure in the Prospectus

Shariah compliance review is made upon request by the applicant (voluntary) and the decision to disclose the result of the Shariah compliance review to the public is at the discretion of the applicant.

How to Apply?

The application for the SC to conduct a Shariah-compliance review for pre-IPO securities must be made through the applicant’s corporate adviser and submitted to:

Deputy General Manager and Head
Product Evaluation Department
Islamic Capital Market
Securities Commission
3, Persiaran Bukit Kiara
50490 Bukit Kiara
Kuala Lumpur

Tel: 603-20910 770
Fax: 603-20910 680

For further clarification, please contact:
Zainol Ali at 603-20910 696 ( ).