Hi All,
Anyone interested in MITI Application (for Bumiputera's Only) for Astro IPO can let me know. Closing day is on 15th Aug 2012.
I'm working in Maybank Investment Bank.
Currently no indicative price yet.
Whoever is interested can pm me =. I'll try to check here regularly.
Cheers,
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47 comment(s).Last comment by hamsterr88 2012-08-15 11:36
Alright.. No worries.. @yap_lee the reason this counter is non syariah might be due to the nature of the business "entertainment" Just like Media Prima..
It's actually not just due to nature of business--entertainment--alone. The parameter to determined are: Financial services based on riba (interest) Gaming and gambling Manufacture or sale of non-halal products or related products Conventional insurance Entertainment activities that are non-permissible according to Shari’ah Manufacture or sale of tobacco-based products or related products Stock broking or share trading on Shari’ah non-compliant securities, and Other activities deemed non-permissible according to Shari’ah
Correct me if I'm wrong (not to stirred any racism). Bumiputera does not covers only muslim right. It can be natives in sabah and sarawak as well right.
I have try to find out about this non syariah compliance issue and what not. My personal view is same like hamster, due to in the business nature of entertainment. Still cannot find any subsidiaries of astro doing non-halal things such as gambling, tobacco and liquor. Have any of you guys eat at nasi lemak stall and asking for sijil halal? If they said they dont have one, so the nasik lemak sold by makcik is haram? You know better how to make your judgement on this issues
Regards to non-shariah compliance issue, to explain the mechanics; quite long and technical. Simply spoken, there are key parameters that Shariah Advisory Council ("SAC") looking for--refer to previous post--to justify the level of shariah compliance. And each of parameters, there are certain threshold to be looked at. Shariah-wise, 'halal' is clear, 'haram' is clear, and in between, so called 'gharar'. Level of 'gharar' would determine whether fall in 'halal' or 'haram'. To make a conclusion whether ASTRO--and its all subsidiaries--is shariah compliant or not, for each of its subsidiaries, you have to look at what level of its 'gharar'. Then add up together of all its subsidiaries. This total figure will determine whether shariah or non-shariah. Otherwise, rely on the report provided by SAC.
I've emailed everyone. For those who are interested, please let me know ASAP. The closing date for MITI is on 15th Aug 2012 (4pm). We need to prepare your cds confirmation as well as financing papers.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by hamsterr88 > 2012-08-09 09:59 | Report Abuse
Hi All, Anyone interested in MITI Application (for Bumiputera's Only) for Astro IPO can let me know. Closing day is on 15th Aug 2012. I'm working in Maybank Investment Bank. Currently no indicative price yet. Whoever is interested can pm me =. I'll try to check here regularly. Cheers,