04.02.2013 - Malaysia: Revised shariah methodology may see shorten list
The revised screening methodology for shariah-compliant securities, to come into force in November 2013, could not only make for a more "stable" shariah-compliant securities list but also a shorter one, as it looks to screen companies not only based on income from activities but also on debt and cash in its balance sheet. As at November 2012, 817 or 89% of the total 923 companies on Bursa Malaysia are shariah-compliant. While not many, there have been cases of companies going in and out of the shariah list, as it exceeds existing revenue and pre-tax profit contribution thresholds accepted under the screening methodology.........................................Full Article: Source
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