58 Shariah-compliant securities

THE Philippine Stock Exchange Inc. (PSE) announced that its list of Shariah-compliant securities has reached 58 as of March.

This was the result of the screening conducted by IdealRatings, Inc. based on the Accounting and Auditing Organization for Islamic Finance Institutions (AAOIFI) standards for Shariah compliance.

The latest count records the highest number of Shariah-compliant securities since October 2015.

The list includes companies that debuted in the PSE last year, namely Golden Haven Memorial Park, Inc., Cemex Holdings Philippines, Inc., and Pilipinas Shell Petroleum Corp. PR
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