Shariah-compliant securities are securities of a public-listed company which have been classified as Shariah permissible...
50.1K
Verified Solution
Link Copied!
Question
Finance
Shariah-compliant securities are securities of a public-listed company which have been classified as Shariah permissible for investment, based on the companys compliance with Shariah (Islamic) principles in terms of its primary business and investment activities as well as financial position. By the end of 2020, there were 742 shariah-compliant public listed companies (PLCs) listed in Bursa Malaysia, dominating 80 per cent of the total numbers of PLCs in Bursa Malaysia. Based on your knowledge on the rules and regulations of trading in Bursa Malaysia, can a non-Muslim trade or invest in these Shariah compliant companies stocks? Justify your answer with FIVE (5) points.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
