Question
Wawasan Holding, which is listed on Bursa Malaysia consist of a group of companies mainly involved in construction and civil engineering activities. One of its
Wawasan Holding, which is listed on Bursa Malaysia consist of a group of companies mainly involved in construction and civil engineering activities. One of its subsidiaries, MNO Ltd on the other hand is involved in the trading of tobacco product. The summary of the company is tabulated below:
Company name
Financial information Non-permissible activities info
Information
Wawasan Holding
Group Info: Group Sales: RM10 million Group Profit Before Tax: RM5 million Sales of Tobacco: RM900,000
Profit Before Tax - Tobacco: RM400,000
Company structure
Principle activity: construction and civil engineering
Subsidiary: DEF CONS. LTD, GHI LTD, MNO LTD (Tobacco Business)
Required:-
Using the Shariah Advisory Council of the Security Commission stock screening methodology, determine whether the stock of Wawasan Holding can be designated as a Shariah-compliant stock. Provide justifications for your answer.
Step by Step Solution
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Step: 1
ANSWER No the stock of Wawasan Holdings cannot be designated as a Shari...Get Instant Access to Expert-Tailored Solutions
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