BCM, Revenue among new syariah-compliant securities

  • Business
  • Friday, 30 Nov 2018

In a statement issued yesterday, the SC said the Cabinet Special Committee on Anti-Corruption (JKKMAR) had approved its recommendation to require listed companies to put in place anti-corruption measures and a framework to promote the effective discharge of directors

PETALING JAYA: Some 33 newly classified syariah-compliant securities have been released by the Securities Commission (SC), while 34 stocks have been excluded from the previous list issued in May 2018.

The newly classified syariah-compliant stocks included BCM Alliance Bhd, CN Asia Corp Bhd, DATAPREP HOLDINGS BHD, ENGTEX GROUP BHD, HENGYUAN REFINING COMPANY BHD, Revenue Group Bhd, SMRT HOLDINGS BHD and TOMYPAK HOLDINGS BHD.

The newly classified syariah non-compliant stocks included Caring Pharmacy Group Bhd, Country Heights Holdings Bhd, Daya Materials Bhd, HONG LEONG INDUSTRIES BHD, MARINE & GENERAL BHD, REDTONE INTERNATIONAL BHD and SYCAL VENTURES BHD among the 34 stocks.

The SC released an updated list of syariah-compliant securities approved by its Syariah Advisory Council.

“The updated list, which takes effect on Nov 30, 2018, features a total of 689 syariah-compliant securities. These securities constitute 76% of the total 902 listed securities on Bursa Malaysia,” said the SC in a statement.

The full list is updated twice a year based on the companies’ latest annual audited financial statements. The next updated list will be available in May 2019, based on the review of the audited financial statements released up to March 31, 2019.

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