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The company passes all but one parameter and that is the core/basic activity.
While the basic activity of the company seems to be food business wherein company operates restaurants of popular brands of Yum Foods ,KFC, Pizza Hut etc., however the company also operates a franchise with the name of Ile Bar, which serves alcohol.
In addition one of the promoters of RJ Corp has the business of alcohol production as one of its authorized activities.
Therefore, since the business of alcohol in not incidental but an approved business activity of the company, no matter how small percentage of it is in the total revenue, we will not consider this as a sharia compliant company to invest.
Posted : 04/08/2021 2:52 pm
What about Arti Industry in current scenario, Is Ratio 3 fulfill or not?
Posted : 07/08/2021 10:55 am
kindly update about the upcoming ipos whether they are compliant or not.
Posted : 08/08/2021 2:44 pm
