SC approves more Islamic stocks


  • Business
  • Saturday, 29 Oct 2005

THE Securities Commission’s (SC) Syariah Advisory Council has approved an additional 51 newly classified securities as syariah-compliant, bringing the total number of these securities to 857. 

Based on the current list, syariah-compliant securities accounted for 85% of the 1,011 listed securities on Bursa Malaysia, the SC said in a statement. 

However, 12 securities in the previous list had been excluded. 

They were Amanah Harta Tanah PNB, AmFirst Property Trust, Dai Hwa Holdings (M) Bhd, Encorp Bhd, Golden Plus Holdings Bhd, Hi-City Bioscience Group Bhd, Idaman Unggul Bhd, IGB Corp Bhd, Inch Kenneth Kajang Rubber Public Ltd Co, Malaysia Packaging Industry Bhd, Sarawak Enterprise Corp Bhd and Warisan TC Holdings Bhd

New securities that had assumed the listing status of previously syariah-compliant securities were Aliran Ihsan Resources Bhd for delisted RNC Corp Bhd and Kosmo Technology Industrial Bhd for delisted Nauticalink Bhd. 

The SC said syariah-compliant securities were also well represented in all sectors of the industry. 

There are 129 such securities out of 141 securities under consumer products, 289 out of 306 for industrial products, 166 out of 205 for trading/services, 82 out of 101 for properties, 41 out of 45 for plantation, 79 out of 83 for technology, seven out of nine for infrastructure and four out of 54 for finance. 

The entire 59 securities for construction are syariah-compliant as well as the sole security for mining while there was none under hotels and closed-end fund. 

The SC said the updated list of syariah-compliant securities took effect from yesterday. The full list is available on the SC website at www.sc.com.my. – Bernama 

For latest MSEB indices, charts and other information click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

New properties lift Axis REIT Q1 income�
Leaked EU-Pfizer contract shows price for Covid-19 vaccines set at €15.5 per dose
Widad's unit secures RM90mil water treatment plant upgrade job in Kedah
Tasco buys 50% stake in Sabah cold chain logistics firm�
Techna-X in joint venture to develop EV technology�
THHE buys Destini's stake in ship building joint venture�
Petronas awards South East Collins Cluster cluster PSC to Vestigo
FBM KLCI ends at intra-day low in line with regional retreat
Norway's wealth fund earned $46 billion in Q1 as stocks rose
HK online brokerage Futu raises US$1.24bil to cash in on margin lending boom

Stories You'll Enjoy


Vouchers