Q1 Taking into consideration the tremendous progress of the Islamic Capital Market, ABC Berhad is considering the
Question:
Q1
Taking into consideration the tremendous progress of the Islamic Capital Market, ABC
Berhad is considering the option to be listed on Bursa Malaysia. Consider the following
information on ABC Berhad:
Activity
Core: Mining
Other:Distribute liquor
GROUP financial information
Turnover: RM20 million
Profit before tax: RM12 million
Total asset : RM80 million
cash placed in conventional accounts: RM20 million
Interest - bearing debt: RM22 million
Shariah non compliant information
Turnober liquor : RM0.5 million
Profit before tax liquor : RM0.4 million
A) Based on the two-tier quantitative assessment applied by the Shariah Advisory
Council of Securities Commission Malaysia, evaluate whether securities issued by
ABC Berhad will be classified as Shariah Compliant Securities or Shariah non-Compliant Securities. Justify your evaluation with an appropriate reason. (15 marks)
B) Elaborate the three types
Q2
A) Characteristics of bond basic