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PRESS RELEASE

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

 

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