The 281st Shariah Advisory Council of Securities Commission Malaysia Meeting (11 July 2024)

Revision of Quantitative Approach in Shariah Screening Methodology

The Shariah Advisory Council of the Securities Commission Malaysia (SAC) had, in its 281st ‎meeting held on 11 July 2024 resolved on the following:‎
1. The introduction of a single computation approach i.e. total income as the revised denominator for calculating the percentage of Shariah non-compliant business activities; and
2. The removal of profit before taxation (PBT) from the denominator in calculating the percentage of Shariah non-compliant business activities.

This document belongs to Securities Commission Malaysia (SC). Full access to the original source is available here: https://www.sc.com.my/development/icm