Explain the term shariah compliant stock. How many countries have these I-stocks? Name these countries: Islamic Finance Products and Service Assignment, UCSI, Malaysia

School

UCSI University (UCSI)

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Assignment Type

Individual Assignment

Subject

Islamic Finance Products and Service

Uploaded by Malaysia Assignment Help

Date

06/05/2023
  1. Explain the term shariah compliant stock.
  2. How many countries have these I-stocks? Name these countries.
  3. Identify how many Sharia-compliant stocks are listed in Bursa Malaysia.
  4. In addition, the following further information is required.
    a. When does this I-stock first start?
    b. What are the sectors/industries that have the most I-stock?
    c. Why is this the case (as in b)?
    d. Are the financing of these companies based on Shariah?
    e. Do they have internal shariah research/review or auditing?
    f. State the composition of the board of directors.
  5. Set out the legal or statutory requirements that the public listing Companies have to fulfill in order to obtain recognition as shariah Compliant stock.

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