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RELIGION AND EARNINGS MANAGEMENT - Some ... - Unitec

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Number of Companies<br />

Figure 1 Number of Shariah Approved Companies on Bursa Malaysia<br />

1000<br />

800<br />

600<br />

400<br />

200<br />

0<br />

Number of Shariah Approved Companies on Bursa Malaysia<br />

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007<br />

Year<br />

Total number of companies<br />

Main Board<br />

Second Board<br />

MESDAQ<br />

* All data are based on the list of Securities Approved by the Shariah Advisory Council as at 30 April<br />

of each year.<br />

Source: Securities Commission, (1997-2007)<br />

Number of approved<br />

funds<br />

Data are as at end-June of each year<br />

Figure 2 Total Shariah-based unit trust funds<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

Shariah-based unit trust funds<br />

2001 2002 2003 2004 2005 2006 2007<br />

Year<br />

Source: Securities Commission (2001-2007)<br />

Shariah-based unit trust funds<br />

28

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