The 288th and 296th Shariah Advisory Council of Securities Commission Malaysia Meeting (24 February 2025 and 13 November 2025)

Revision of Business Activity Benchmark in Shariah Screening Methodology

The Shariah Advisory Council of the Securities Commission Malaysia (SAC), in a series of meetings, has deliberated the revision of business activity benchmark in Shariah screening methodology. Subsequently, at its 288th meeting held on 24 February 2025 and its 296th meeting held on 13 November 2025, the SAC resolved the following:
1. Introduce a single business activity benchmark of 5% in determining the Shariah status of listed securities on Bursa Malaysia; and
2. Remove the 20% business activity benchmark.

The single business activity benchmark will take effect for listed companies with financial year ending on or after 31 December 2025.

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