PETALING JAYA: Getting back onto the Securities Commission (SC) syariah-compliant stock list can be costly for some public-listed companies affected by a new SC guideline, say industry experts.
Under the revised syariah-compliant guildeline, the SC has added a financial ratio benchmark rule, where companies’ cash and debts in conventional accounts must be less than 33% of their total assets.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!