Interestingly, [%yRxI%] was classified as Non-Shariah as of 31 May 2024. While the exact reason was not disclosed, I believe it was due to their high cash holdings. 

If it is for that reason, then the recent purchase of 2 new vessels for ~RM 100mil would solve the issue, and at the year end they might be added back into the Shariah compliant list again.

Harbour could also dish out more dividends such that their cash value drops below the threshold. 😂

Interestingly, $KLSE-HARBOUR was classified as Non-Shariah as of 31 May 2024. While the exact reason was not disclosed, I believe it was due to their high cash holdings. 

If it is for that reason, then the recent purchase of 2 new vessels for ~RM 100mil would solve the issue, and at the year end they might be added back into the Shariah compliant list again.

Harbour could also dish out more dividends such that their cash value drops below the threshold. 😂

$HARBOUR / 2062 (HARBOUR-LINK GROUP BERHAD)