Shariah-compliant Securities

As at end-2006 there were 886 Shariah-compliant securities as determined by the Shariah Advisory Council (SAC) of the Securities Commission (SC). This represented 86% of the total listed securities or 64% of the market capitalisation on Bursa Malaysia. Companies seeking to list can request for a pre-IPO screening by the SAC to determine whether their securities are Shariah compliant.

Bursa Malaysia on 22 January 2007 added FTSE Bursa Malaysia Emas Shariah Index to its series of FTSE Bursa Malaysia indices. This new Index is subjected to the same international indexing features such as free float and liquidity. Therefore, the investors are now able to have a clearer picture of the quality of Shariah investments and track them more effectively on Bursa Malaysia. The current Kuala Lumpur Shariah Index (KLSI) will be phased out later in 2007.