Sime Darby Plantation Added to Securities Commission’s Shariah Compliant List

Sime Darby Plantation Berhad (SD Plantation) has made it to the Securities Commission’s (SC) Shariah compliant list amongst 17 newly added stocks to the list.
 
SD Plantation is now one of the 693 Shariah compliant stocks on Bursa Securities. We join 34 other plantation companies currently on the list.
 
The listing was approved by the Shariah Advisory Council (SAC) of the SC based on publicly available information on companies such as annual reports, as well as enquiries made to the companies. The SAC, through the SC, will continuously review the Shariah status of securities listed on Bursa Malaysia, on an annual basis, based on the latest available annual audited financial statements of the companies.
 
In selecting these companies, the SAC adopts a two-tier quantitative approach, which applies the business activity benchmarks and the financial ratio benchmarks, in determining the Shariah status of the listed securities. The securities will be classified as Shariah-compliant if their business activities and financial ratios are within these benchmarks.
 
To view the full listing, please visit the Securities Commission website at www.sc.com.my
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