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Shariah-compliant securities are securities of a public-listed company which have been classified as Shariah permissible...

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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.

(15 marks)

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