Upon thorough checkings and verification, The Partnership in the first week of January 2012 had just sold an entire holdings in Stock F based on the sole reason that it is not a Syariah-approved stocks as deemed by the Securities Commission. That aside, I still think that Stock F has the potential of upward earnings in years to come, as the company gain more rights to act as agents and distributors in Peninsular Malaysia, apart from their presently admirable position as a major distributor of many FMCG brands in East Malaysia.
Alas, as long as a stock of a listed company in Bursa Malaysia is not deeemed as a Syariah-compliant stock, the Partnership will refrain from employing its capital in the stocks of the company.
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