Malaysia: SC lists 825 Shariah-compliant securities

KUALA LUMPUR (May 24, 2012): The Securities Commission (SC) today released an updated list of syariah-compliant securities approved by its Syariah Advisory Council.

In a statement today, the SC said the updated list, which would take effect on May 25 2012, featured a total of 825 syariah-compliant securities.

"These counters constitute 89% of the total 930 listed securities on Bursa Malaysia," it said.

The regulator said the list included five newly-classified syariah-compliant securities and none was excluded from the previous list issued in November 2011.

"The securities are China Stationery Ltd, EITA Resources Bhd, Fraser & Neave Holdings Bhd, Lingui Development Bhd and SapuraKencana Petroleum Bhd," it said.

It said syariah-compliant securities were well-represented in all sectors of industry.

The SC said the full list, which was updated twice a year, was now available on its website atwww.sc.com.my.

(The Sun Daily / 24 May 2012)

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Alfalah Consulting - Kuala Lumpur:

www.alfalahconsulting.com

Islamic Investment Malaysia:

www.islamic-invest-malaysia.com

Malaysia: Bursa Suq Al-Sila offers palm olein trading

The world's first end-to-end Syariah-compliant commodity trading platform, Bursa Suq Al-Sila' (BSAS), has added RBD Palm Olein as a new commodity offering.

In a statement today, Bursa Malaysia said this would provide more diverse product offerings for clients trading on the BSAS platform.

"The inclusion of RBD Palm Olein complements BSAS's existing commodities, namely Crude Palm Oil and Plastic Resin," it said.

The stock exchange said trading in the new commodity began on April 17 and RM75 million worth of trades have been recorded as of April 23.

"We foresee this move to further boost trading volume and meet the demand for larger offerings particularly from clients in the Middle East.

"This will also increase the visibility of crude palm oil, the star crop in this region, and allow for greater participation from commodity players and refiners," Bursa Malaysia chief executive officer Datuk Tajuddin Atan said.

The daily average trading value on BSAS currently stands at RM1.5 billion, a three-fold increase compared to 2010, he added. 

(Business Times / 25 April 2012)

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Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com