SC drops nine stocks, adds 41 to Shariah-compliant list in May review
KUALA LUMPUR: The Securities Commission Malaysia (SC) has removed nine companies and added 41 new names to its list of Shariah-compliant securities, following its latest biannual review conducted by the Shariah Advisory Council (SAC).
The changes, effective today, bring the total number of Shariah-compliant counters on Bursa Malaysia to 850 out of 1,056 listed companies, maintaining a compliance rate of 80 per cent.
Among those dropped from the list are Sarawak Cable Bhd, MAG Holdings Bhd, GuocoLand (Malaysia) Bhd, Carzo Holdings Bhd, Rhong Khen International Bhd and TP Tec Holding Bhd.
The other three are VETECE Holdings Bhd, Vsolar Group Bhd and newly-listed Saliran Group Bhd, which debuted on March 13.
The SC said the reclassified securities were previously listed as Shariah-compliant, but changes in the companies' business operations and financial positions had led to their removal from the list.
Investors holding such reclassified securities have been advised to dispose of them if the market price on the effective date is equal to or higher than their original investment cost.
It added investors can keep any dividends or gains received up to the effective date, but anything earned after that must be channelled to baitulmal or charitable bodies.
Meanwhile, the 41 newly added Shariah-compliant securities span a wide range of sectors, including healthcare, property, plantations and logistics.
These include Apex Healthcare Bhd, IOI Properties Group Bhd, PLS Plantations Bhd, CJ Century Logistics Holdings Bhd, RichTech Digital Bhd, Oriental Kopi Holdings Bhd and Eco-Shop Marketing Bhd.
The SC said the updated classification was based on audited financial statements released between Oct 1, 2024, and March 31, 2025.
The Shariah-compliant list is updated and published twice a year, in May and November.
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