The Philippine Stocks Exchange has recently released a guideline for its Shariah stock market program. This aims to encourage Muslim Filipinos in the country, and also an estimated 1 trillion USD of global Islamic funds to invest in Philippine stocks. Shariah is the moral code of Islam which covers the rules, teachings and values adhered to by Muslims. The release of Shariah-compliant securities make it easier for Muslim investors to invest in the country, while also adhering to the teachings from their religion.

As of the initial list issued by PSE, there are 47 publicly-listed companies were considered Shariah-compliant based on these established criteria:
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