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.
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
3, Persiaran Bukit Kiara
50490 Bukit Kiara
Tel: 603-20910 770
Fax: 603-20910 680
For further clarification, please contact:
Mohd Musminin Mohd Mustakim at 603-20910 745 ([email protected])