About Syariah Compliant Stocks

Date: 18 Aug 2016

For Muslim members,

It important that you check Ideal Ratings for the latest updates on Syariah compliance on the stocks mentioned in our stock picks.

This is because Ideal Ratings could re-rate certain stocks as non Syariah compliant even though they could be Syariah compliant much earlier.

Here’s the latest example, China Mengniu Dairy (2319). As at  20 February, 2016, was Syariah compliant, but recent check on Ideal Ratings showed that the stock has lost its Syariah compliance status.

On the other hand, some stocks could be non-Syariah compliant but could have a re-rate if they meet full Syariah compliance.

So I would recommend that you check the status of the compliance every now and then to ensure complete Syariah compliance in your investment.

If anything, it shows that Ideal Ratings is very serious in enforcing compliance.

How do you check? You can download Ideal Ratings apps via Google Play.

Hope this helps.

2 Comments

  • Azwin Tumin

    Reply Reply October 24, 2016

    Thank you for the reminder!
    Yes, even for stocks in Bursa we always need to check the compliance because it could change the status from time to time.

    • KCLau

      Reply Reply October 24, 2016

      Azwin, what happen when the stock you bought dropped out of syariah-compliant? Will you be selling it and switch to stocks that comply?

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