A Discussion on Amanah Saham Bumiputra’s (ASB) Halal status. The view of Securities Commission (SC). Pandangan Suruhanjaya Sekuriti.

A fatwa was issued by the Majlis Fatwa Kebangsaan Malaysia about the Halal Status of Amanah Saham Bumiputera (ASB). It was deemed to be as HARUS.

However, I came across some new information. It seems like it is HARAM according to Securities Commission (SC) or otherwise known as Suruhanjaya Sekuriti.

Have a look at this.

So, readers, do have a say in the comments section below.

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Third and Final Update of Public Asia Ittikal’s (PAIF) Syariah Compliancy Issue

Thanks to Jean Chai, the age-long issue being discussed (or lack thereof), has been solved.

Jean Chai has brought the matter up to Public Mutual’s ranks and their response has put the issue to rest.

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2nd Update on Public Asia Ittikal Fund (PAIF) Syariah Compliancy Issue

Another update of the Public Asia Ittikal Fund (PAIF) syariah compliancy issue.

The first entry about this issue is here. The second one is here.

I recently received a response from one of my readers. Here it is:

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Updates on the Public Asia Ittikal Fund (PAIF) Syariah Compliancy Issue

About a couple of weeks back, I wrote an entry about Public Asia Ittikal Fund’s (PAIF) syariah compliancy status. Read about it here.

I did get a response from a unit trust agent a few days after that.

Here’s the excerpt:

“Our investments are looked at by the Securities Commission. Any investment that is not compliant to syariah based, can [be] penalised by the Securities Commission. The Trustee for PAIF, if I am not mistaken, is CIMB.

Public Mutual cannot make an error like that as it would jeopardise the good name of the company and the trust that many Muslim investors have in Public Mutual.”

My response:

Unfortunately, that doesn’t really answer my question.

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