Updated List of Shariah-compliant Securities by SC’s Shariah Advisory Council
The Securities Commission Malaysia (SC) on November 25 released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).
The updated list, which takes effect on 25 November 2011, features a total of 839 Shariah-compliant securities. These counters constitute 89 percent of the total 946 listed securities on Bursa Malaysia.
The list includes 15 newly classified Shariah-compliant securities and excludes three from the previous list issued in May 2011. It also indicates that Shariah-compliant securities are well represented in all sectors of industry.
The full list, which is updated twice a year. It will also be published in a booklet which can be obtained from the SC from 9 December 2011. The next updated list will be available in May 2012.