Revised shariah methodology may see shorten list

Malaysian SC's Shariah Advisory Council (SAC) revised the screening methodology for shariah-compliant securities, in order to further build scale in the shariah-compliant equity and investment management segments as well as expand the Islamic capital market's international reach. The new screening methodology includes a financial ratio benchmark which looks at cash over total asset and debt over total asset screenings. Therefore, it may shorten the list of shariah-compliant companies when coming into force in November 2013.

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