KUALA LUMPUR: A total of 41 securities have been classified as shariah-compliant securities, while nine have been classified as shariah non-compliant securities, according to the latest report by the Securities Commission (SC) Malaysia.
The report, posted on its website with the title "List of Shariah-Compliant Securities by the Shariah Advisory Council (SAC) of the SC Malaysia”, stated that the updated list of shariah-compliant securities takes effect from today.
This brings the number of shariah-compliant securities on Bursa Malaysia to 850, or 80 per cent of the total securities.
According to the report, among the 41 securities classified as shariah-compliant securities are AIMFLEX Bhd, Apex Healthcare Bhd
, CJ Century Logistics Holdings Bhd, IOI Properties Group Bhd, and WTEC Group Bhd.
Meanwhile, it said the nine securities classified as shariah non-compliant securities are Carzo Holdings Bhd, GuocoLand (M) Bhd, Mag Holdings Bhd, Rhong Khen International Bhd, Saliran Group Bhd, Sarawak Cable Bhd, TP Tec Holding Bhd, VETECE Holdings Bhd, and Vsolar Group Bhd.
"In classifying these securities, the SAC received input and support from the SC. The SC obtained information on the companies through, among others, annual reports, enquiries made to the companies and other relevant information acceptable by the SAC,” it said.
Additionally, it said the SAC, through the SC, will continue to review the shariah status of securities listed on Bursa Malaysia Securities Bhd, on an annual basis, based on the latest available annual audited financial statements of the companies.
It said for the list, the SAC reviewed the audited financial statements released between Oct 1, 2024 and March 31, 2025, as made available on Bursa Malaysia’s website.
"The SAC adopts a two-tier quantitative approach, which applies the business activity benchmarks and the financial ratio benchmarks, in determining the shariah status of the listed securities.
"Hence, the securities will be classified as shariah-compliant if their business activities and financial ratios are below these benchmarks,” it added. - Bernama
