More Shariah-Compliant Firms List on the PSE

The number of Shariah compliant firms in the Philippine Stock Exchange (PSE) has increased to 52 during the period ending March 2020, compared to the 48 firms that were listed during the previous review.

A list of Shariah-compliant firms issued by the PSE included six new Shariah-compliant entities, while two securities had been removed. Both securities that were removed from the PSE pertained to ATN Holdings Inc. while the 6 new entrants were: Axelum Resources Corp, IPM Holdings Inc., ISM Communications Corp, Italpinas Development Corp., Pacifica Holdings Inc. and Zeus Holdings Inc.

The PSE carries out quarterly evaluation of listed Shariah-compliant entities listed in the PSE to en...