November 26, 2010 14:10 PM

SC Releases Updated List Of Syariah-Compliant Securities

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By: Ramjit

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KUALA LUMPUR, Nov 26 (Bernama) — The Securities Commission Malaysia (SC) had released an updated list of syariah-compliant securities approved by its Syariah Advisory Council.

In a statement on Friday, it said the updated list, which will take effect today, will feature a total of 846 syariah-compliant securities.

“These counters constitute 88 per cent of the 961 listed securities on Bursa Malaysia,” it said.

The list includes 17 newly-classified syariah-compliant securities and excludes five from the previous list issued in May 2010.

The new companies are Cypark Resources Bhd, Focus Point Holdings Bhd, GW Plastics Holdings Bhd, Ivory Properties Group Bhd, Kimlun Corp Bhd, K-Star Sports Ltd, Malaysia Marine and Heavy Engineering Holdings Bhd, Sarawak Cable Bhd, Shin Yang Shipping Corp Bhd and SIG Gases Bhd.

The securities of these companies have been classisfied as syariah-compliant at its initial public offering stage, it said.

The rest are EA Holdings Bhd, Fast Track Solution Holdings Bhd, Malaysian Genomics Resource Centre Bhd, Pan Malaysia Corp Bhd, Proton Holdings Bhd, SCC Holdings Bhd and Tatt Giap Group Bhd.

Meanwhile, five companies namely, Atlan Holdings Bhd, I-Berhad, PPB Group Bhd, PW Consolidated Bhd and TA Global Bhd, had been excluded from the list.

The full list, updated twice a year, is available on the SC’s website at www.sc.com.my.

The list will be published in a booklet made available from Dec 13, while the next update will be in May 2011.

— BERNAMA

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