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Malaysian regulator rejigs Islamic stocks list

Published 05/28/2009, 04:59 AM
Updated 05/28/2009, 05:08 AM

KUALA LUMPUR, May 28 (Reuters) - Malaysia's capital market regulator said on Thursday it has revised its list of Islamic stocks on the stock exchange to add 13 and drop one.

As part of a regular exercise that takes place twice a year, the Securities Commission revised its list of sharia compliant stocks to 848 or 88 percent of securities listed on Bursa Malaysia .

Previously, 87 percent of the securities met the sharia's standards.

The stocks that were added to the list included builder Sunway Holdings Bhd , paper box maker Box-Pak (Malaysia) Bhd , property developers Daiman Development Bhd and I-Berhad .

Leisure company Reliance Pacific Bhd was dropped from the list.

The full list of Islamic stocks is available on the Securities Commission's website at www.sc.com.my. (Click on [ID:nISLAMIC] for more Islamic finance stories and for a speed guide) (Reporting by Liau Y-Sing; Editing by Tomasz Janowski)

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