HALAL INVESTMENTOR
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Salam Sir,
I have investment in Raymond Ltd., so I checked its compliance on Stock screener, which is showing as Compliant but when I am calculating it on my own using annual report 2020-21, its Revenue ratio has more than 5% income from other sources.
Kindly recheck Raymond Ltd. company data. Also let me know If I can go with your screener results.
I have one more query related to stocks which are compliant when we invested but what to do in case they become non-compliant after a year or so. If you can make a video on this topic, that will be really helpful for us.
JazakAllah.
Posted : 29/11/2021 7:55 pm
Not all other income are non sharia compliant, so what u see on the screener is correct.
In case the stocks become non compliant the same needs to be exited and charity based on the purification ratio needs to be paid to purify the appreciation on the stock value.
Posted : 30/11/2021 9:01 am
