Reclassification of Shariah compliance stock
Dear Valued Customers
Pursuant to the announcement of the Shariah Advisory Council of Securities Commission Malaysia (SAC SC) dated 24 Nov 2023, kindly be informed that thirty-one (31) securities have been newly classified as Shariah-compliant securities and twenty-six (26) securities have been excluded from the previous list.
The list of affected securities is as follows:
Newly Classified Shariah-Compliant Securities
| No. | Stock Code | Name of Securities | No. | Stock Code | Name of Securities |
|---|---|---|---|---|---|
| 1 | 1481 | Advance Synergy Bhd | 17 | 0275 | Oppstar Bhd |
| 2 | 7146 | AE Multi Holdings Bhd | 18 | 5436 | Perusahaan Sadur Timah Malaysia (Perstima) Bhd |
| 3 | 2674 | Alcom Group Bhd | 19 | 0289 | Plytec Holding Bhd |
| 4 | 0159 | Asia Media Group Bhd | 20 | 5313 | Radium Development Bhd* |
| 5 | 0277 | Cloudpoint Technology Bhd* | 21 | 5256 | Reach Energy Bhd |
| 6 | 0281 | Daythree Digital Bhd* | 22 | 5147 | Samchem Holdings Bhd |
| 7 | 0278 | Edelteq Holdings Bhd* | 23 | 0158 | SCC Holdings Bhd |
| 8 | 0174 | EVD Bhd | 24 | 5315 | Skyworld Development Bhd* |
| 9 | 0284 | Glostrext Bhd | 25 | 5134 | Southern Acids (M) Bhd |
| 10 | 7243 | Impiana Hotels Bhd | 26 | 0287 | SSF Home Group Bhd* |
| 11 | 0282 | KGW Group Bhd* | 27 | 0279 | Synergy House Bhd* |
| 12 | 7170 | LFE Corporation Bhd | 28 | 4405 | Tan Chong Motor Holdings Bhd |
| 13 | 5068 | Luster Industries Bhd | 29 | 5149 | TAS Offshore Bhd |
| 14 | 5916 | Malaysia Smelting Corporation Bhd | 30 | 0005 | UCrest Bhd |
| 15 | 0288 | Minox International Group Bhd* | 31 | 0008 | Willowglen MSC Bhd |
| 16 | 5316 | MST Golf Group Bhd* |
* The securities of this company have been classified as Shariah-compliant at the Initial Public Offering (IPO) stage.
Newly Classified Shariah non-Compliant Securities
| No. | Stock Code | Name of Securities | No. | Stock Code | Name of Securities |
|---|---|---|---|---|---|
| 1 | 5281 | Advancecon Holdings Bhd | 14 | 03015 | Manforce Group Bhd |
| 2 | 6556 | Ann Joo Resources Bhd | 15 | 03022 | MCOM Holdings Bhd |
| 3 | 0119 | AppAsia Bhd | 16 | 0285 | Mercury Securities Group Bhd |
| 4 | 7986 | CN Asia Corporation Bhd | 17 | 5152 | Muar Ban Lee Group Bhd |
| 5 | 0283 | DC Healthcare Holdings Bhd | 18 | 0280 | MYMBN Bhd |
| 6 | 9016 | Eksons Corporation Bhd | 19 | 8419 | Pansar Bhd |
| 7 | 0286 | Evergreen Max Cash Capital Bhd | 20 | 6254 | PDZ Holdings Bhd |
| 8 | 0190 | Eversafe Rubber Bhd | 21 | 4464 | Pegasus Heights Bhd |
| 9 | 2135 | Gopeng Bhd | 22 | 03056 | Safetyware Group Bhd |
| 10 | 7043 | Jade Marvel Group Bhd | 23 | 7247 | SCGM Bhd |
| 11 | 7323 | Ken Holdings Bhd | 24 | 6017 | SHL Consolidated Bhd |
| 12 | 8494 | LBI Capital Bhd | 25 | 03008 | SL Innovation Capital Bhd |
| 13 | 7082 | M & A Equity Holdings Bhd | 26 | 7227 | UMS-Neiken Group Bhd |
Kindly refer to the report issued by the SAC SC on the updated List of Shariah-compliant Securities as at 24 Nov 2023 for the detailed report and treatment of the reclassified securities into Shariah-non compliant.
Please click here to review the full report issued by the SAC SC.
