Malaysia regulator adds to Islamic stocks list

Newswire

KUALA LUMPUR, Nov 27 (Reuters) - Malaysia's market regulator has increased the number of Islamic stocks listed on its exchange to 855, as the country tries to woo more investors who demand assets that comply with religious law. The Securities Commission said 87 percent of securities listed on Bursa Malaysia met Islamic law standards, which forbids activities such as interest-based lending, gambling, alcohol and tobacco, which are deemed unethical. Previously, 85 percent of the securities ...

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