Malaysian regulator rejigs Islamic stocks list

KUALA LUMPUR, May 28 (Reuters) - Malaysia's capital market regulator said on Thursday it has revised its list of Islamic stocks on the stock exchange to add 13 and drop one.

As part of a regular exercise that takes place twice a year, the Securities Commission revised its list of sharia compliant stocks to 848 or 88 percent of securities listed on Bursa Malaysia (BMYS.KL: Quote, Profile, Research).

Previously, 87 percent of the securities met the sharia's standards.

The stocks that were added to the list included builder Sunway Holdings Bhd (SGWM.KL: Quote, Profile, Research), paper box maker Box-Pak (Malaysia) Bhd (BPAK.KL: Quote, Profile, Research), property developers Daiman Development Bhd (DAIM.KL: Quote, Profile, Research) and I-Berhad (IBHD.KL: Quote, Profile, Research).

Leisure company Reliance Pacific Bhd (RPAC.KL: Quote, Profile, Research) was dropped from the list.

The full list of Islamic stocks is available on the Securities Commission's website at www.sc.com.my. (Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide) (Reporting by Liau Y-Sing; Editing by Tomasz Janowski)