BURSA MALAYSIA
Company Announcements
Guided Tour
EN
BURSA MALAYSIA
EN
  • Market Information
      • Equities Prices
      • Indices
      • Bonds Prices
      • Derivatives Prices
      • Shariah Compliant Equities Prices
      • Market Statistics
      • Securities
      • Bonds
      • Derivatives
      • Market Data
      • Information Services License
      • Website Linking Service
      • Historical Data Packages
      • Information Vendors
      • Announcements
      • Company Announcements
      • Structured Warrants
      • Entitlement by Ex-Date
      • SPEEDS
  • Trade
      • Market
      • Securities Market
      • Derivatives Market
      • Islamic Markets
      • Labuan International Financial Exchange (LFX)
      • Our Product & Services
      • Equities
      • Bonds
      • Derivatives
      • Islamic Markets
      • Indices
      • Labuan International Financial Exchange (LFX)
      • Co-Location Service
      • BTS2 On-Boarding
      • Network Access and Infrastructure Services (NAIS)
      • Central Depository System (CDS)
      • Trading Resources
      • Listing Directory
      • Equities
      • Brokers for Equities
      • Non Broker Participants
      • Bonds
      • Brokers for Bonds
      • Derivatives
      • Brokers for Derivatives
      • Islamic Markets
      • Post Trade
      • Securities Borrowing & Lending (SBL)
      • Islamic Securities Selling & Buying Negotiated Transaction (ISSBNT)
      • Securities Clearing & Settlement
      • Derivatives Clearing & Settlement
      • Transaction Costs, Fees and Charges
      • Risk & Compliance
      • Overview
      • Risk & Compliance Framework
      • BMSC and BMDC as Central Counterparty (CCP)
      • PFMI Disclosure
      • SST
  • Listing
      • Why Bursa Malaysia
      • Your Listing Destination
      • Get Listed
      • Listing Criteria
      • Listing Process
      • Cost of Listing
      • Fees and Charges
      • Issuer Services
      • Advisers / Sponsors
      • Supporting Partners
      • Listing Resources
      • IPO
      • IPO Prospectus
      • LFX Prospectus
      • Corporate Governance and Sustainability
      • Labuan International Financial Exchange (LFX)
      • Market Participants
      • Listing Sponsors List
      • Issuers
      • Financial Instruments
      • Fees
      • Business Process
  • Regulation
      • Overview
      • Structure
      • Overview
      • Regulatory Committees
      • Regulatory Oversight Body
      • Overview of Rules
      • Rules Making Process
      • About Bursa Malaysia Regulatory
      • Regulatory Approach/Philosophy
      • Supervision of Issuers
      • Supervision of Brokers
      • Enforcement
      • Market Surveillance
      • Listing Requirements
      • Main Market
      • ACE Market
      • LEAP Market
      • FAQs
      • Securities
      • Rules of Bursa Malaysia Securities
      • Rules of Bursa Malaysia Securities Clearing
      • Rules of Bursa Malaysia Depository
      • Derivatives
      • Rules of Bursa Malaysia Derivatives
      • Rules of Bursa Malaysia Derivatives Clearing
      • Bonds
      • Rules of Bursa Malaysia Bonds
      • Islamic
      • Rules of Bursa Suq Al-Sila' (BSAS)
      • Best Practices for Islamic Stockbroking Services
      • Labuan International Financial Exchange (LFX)
      • Rules of LFX
      • Directives / Circulars
      • FAQs Relating to Bursa Malaysia Rules
      • Public Consultation
      • Communication Notes/Guides
      • [email protected]
      • Bursa Link
  • Reference
      • Research Repository
      • Overview
      • CMDF - Bursa Research Scheme (CBRS)
      • Non - CBRS Research Reports
      • Research Reports
      • Insights
      • Derivatives
      • Institutional Insights
      • Regulatory Insights
      • Bursa Academy
      • [email protected]
      • Market Terminologies
      • FAQs
      • Securities
      • Derivatives
      • Islamic Markets
      • Labuan International Financial Exchange (LFX)
      • LEAP
      • Central Depository System (CDS)
  • About Bursa
      • About Us
      • Overview
      • Who We Are
      • Our Organisation
      • Corporate Governance
      • Board of Directors
      • Top Management Team
      • Other Corporate Information
      • Corporate History
      • Awards and Certification
      • Calendar
      • Tenders
      • Related Links
      • Investor Relations
      • IR Home
      • Financial Information
      • Stock Information
      • Shareholdings
      • Information for Shareholders
      • Information Request
      • Other Information
      • Sustainability
      • Overview
      • Governance of Sustainability
      • Assessment of Material Matters
      • Engaging our Stakeholders
      • Our Contribution to Sustainable Development Goals
      • Sustainability Reports
      • Others
      • Risk & Compliance
      • Overview
      • Framework & Governance
      • Enterprise Risk Management
      • Compliance Management
      • Business Continuity Management
      • Media Centre
      • Speeches
      • Gallery
      • Media Releases
      • Articles
      • Careers
Company Announcements
Guided Tour
English
Bahasa Malaysia
简体中文
[email protected]

You will be-redirected to [email protected], are you sure you want to leave this page?

Leave this page
Help Centre

You will be-redirected to Help Desk, are you sure you want to leave this page?

Leave this page
Bursa Link

You will be-redirected to Bursa Link, are you sure you want to leave this page?

Leave this page
Bursa Marketplace

You will be-redirected to Bursa Marketplace, are you sure you want to leave this page?

Leave this page
LFX Listing Sponsor

You will be-redirected to LFX Listing Sponsor, are you sure you want to leave this page?

Leave this page
Corporate Governance and Sustainability

You will be-redirected to BursaSustain website, are you sure you want to leave this page?

Leave this page
Corporate Governance and Sustainability

You will be-redirected to BursaSustain website, are you sure you want to leave this page?

Leave this page
Bursa Academy

Bursa Academy

Leave this page

Shariah Governance

Governance is an essential component in ensuring the stability of the Islamic financial system. To promote Malaysia as the international hub of Islamic finance, Bursa Malaysia has established an Islamic Markets team, dedicated to the development of Shariah-compliant capital markets products and trading platform.
  • Equities
  • Bonds
  • Derivatives
  • Islamic Markets
  • Indices
  • LFX
  • Co-Location Services
  • BTS2 On-Boarding
  • Network Access and Infrastructure Services (NAIS)
  • Central Depository System (CDS)
Menu expand
  • Bursa Suq Al-Sila' (BSAS)
  • Bursa Malaysia-i (BM-i)
    • Overview
    • List of Islamic Brokers
    • Shariah-compliant Stocks (i-Stocks)
    • Shariah-compliant Indices (i-Indices)
    • Shariah-compliant Exchange Traded Funds (i-ETFs)
    • Shariah-compliant Real Estate Investment Trusts (i-REITs)
  • Shariah Governance
    • Member of Shariah Committee
    • Shariah Pronouncement
    • Shariah Screening Methodology
  1. Home
  2. Trade
  3. Our Products & Services
  4. Islamic Markets
  5. Shariah Governance
  6. Shariah Pronouncement

Shariah Pronouncement


Shariah Pronouncement of the Shariah Adviser and Shariah Committee of Bursa Malaysia Islamic Services Sdn Bhd (BMIS) as at 26/12/2018
No. Subject Date of Issuance Description
1 Approval of Bursa Suq Al-Sila’ 21 Oct 2010 The Shariah Advisors endorsed the structure, mechanism, and documentation prepared by Bursa Malaysia Islamic Services Sdn Bhd (BMIS) concerning Bursa Suq Al-Sila’ (BSAS).
2 Approval of Trading Approach for Timber in Bursa Suq Al-Sila’ 27 April 2013 The Shariah Committee reviewed and endorsed the structure and mechanism presented by BMIS concerning the execution of commodity trading process for timber offered on Bursa Suq Al-Sila’ (BSAS) platform.
3 Application of Debt Settlement through Agents in Bursa Suq Al-Sila’ 23 May 2013 The Shariah Committee endorsed the structure and mechanism prepared and submitted by BMIS concerning the application of debt settlement through agents as one of the settlement mechanisms for transactions conducted via Bursa Suq Al-Sila’ (BSAS).
4 Bursa Suq Al-Sila’ – Trading Break during Jumaat Prayer 23 May 2013 The Shariah Committee endorsed the Bursa Suq Al-Sila’ (BSAS) one-hour trading break during Jumaat prayer , i.e. from 1.00 p.m. to 2.00 p.m. on every Friday.
5 Islamic Securities Selling and Buying (ISSB) 22 July 2014 The Shariah Committee endorsed the structure of ISSB as a Shariah-compliant alternative to Securities Borrowing and Lending (SBL).
6 Islamic Securities Selling and Buying Negotiated Transaction Model (ISSBNT) 9 April 2015 The Shariah Committee endorsed the revised Islamic Securities Selling and Buying Negotiated Transaction (ISSBNT) structure.
7 Placement of Securities in Individual CDS Account 22 April 2015 The Shariah Committee resolved that the individual Central Depository System (CDS) account that holds in the custody Shariah-compliant and Shariah non-compliant securities raises no issue from Shariah perspective
8 Shariah Committee Endorsement on Bursa Suq Al-Sila’ Process 19 Dec 2016 The Shariah Committee reviewed and endorsed the structure, mechanism and documentation prepared and submitted by BMIS concerning Bursa Suq Al-Sila’.
9 Bursa Suq Al-Sila’ (BSAS): Improvement of Randomisation Process 1 March 2018

Based on the feedbacks and recommendation from the industry and some Shariah scholars, Bursa Malaysia Islamic Services Sdn. Bhd. (BMIS) has undertaken a system enhancement to further improve the randomisation process in BSAS trading platform.

  1. Before enhancement: To complete the transaction, BMIS will sell at random in the commodity market. However, the possibility of the same commodity sold to the same party or original supplier may exist.

  2. After enhancement: The system has been improved with the exclusion of the original supplier when BMIS sells it in the commodity market. The staging inventory is embodied in the system to hold the commodity from being sold to the original supplier until there is eligible CSP to buy the said commodity. The movement is captured by and recorded in the BSAS system.

The Shariah Committee reviewed and endorsed the improvement of randomisation process.

10 Annual Shariah Confirmation on Bursa Malaysia-i 18 May 2018

Bursa Malaysia-i is a platform that offers a comprehensive range of exchange-related facilities including listing, trading, clearing, settlement and depository services, leveraging on existing infrastructure with enhancements to incorporate a complete end-to-end Shariah compliant investment features.

The Shariah Committee confirmed that all the operations and services of Bursa Malaysia-i for the period from 5 September 2016 until 19 March 2018 have been conducted in conformity with the Shariah principles.

About Bursa Market Information Trade Listing Regulation Reference
Bursa Marketplace Bursa Link LFX [email protected] Bursa SUSTAIN Bursa Academy
Terms & Conditions of Use, Disclaimer and Linking Policy Personal Data Notice Sitemap Website FAQs
Contact Us Help Centre
RSS Feeds

Subscribe to our RSS feeds and get the latest Bursa Malaysia news delivered directly to your desktop. Click on the orange RSS button to go to the Subscribe page.

You will need to install the RSS plugin to subscribe to the RSS Feeds.

Subscribe
Media Releases Subscribe
Investor Relations
  • Newsroom
Subscribe
Bursa Malaysia Listing Requirements
  • Main Market
  • ACE Market
Subscribe
Initial Public Offering Subscribe
Copyright © 2021 Bursa Malaysia Berhad 197601004668 (30632-P). All rights reserved.
Top