Xi Putin's comment on E&O. All Comments

Xi Putin
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By this November, E&O surely can get back syariah complaint status!!
Li Foong Tai
KWAP can invest in the companies that aren't in syariah complaint status?
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Xi Putin
There are many requirements any company needs to get syariah complaint certification. Other than no company involve forbidden things like alcohol, gambling, E&O has to show that their Debt to Asset ratio is lower or as the same as 0.33 or their total debt is below 33% of the Total Assets. E&O already a Syariah compliant last year. This means they do no gain income from selling alcohol or gambling in their business. They have Total Debts which disqualify them from getting Syariah status. Now, all they need to do is, they withdraw their sukuk if they need money to expand their business or develop lands e.g. Bukit Kerayong and prime land locations in Kuala Lumpur e.g. Jalan Kia Peng. When their use sukuk instead of bank loans, E&O actually let those who buys E&O sukuk to become E&O's partner. KWAP/EPF see E&O as not a company like Heneiken or Genting or RGT or YTL.
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Soon Pua
waiting sunway group to join andaman island
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