Yinson, Rubberex at risk of dropping out from Shariah-compliant list

KUALA LUMPUR: Yinson Holdings Bhd and Rubberex Corporation (M) Bhd are at risk of dropping out from the Shariah-compliant list for failing to meet the 33 per cent cash and debt ratios threshold, said RHB Investment Bank Bhd.

In a note today, analyst Alexander Chia said the Shariah rules specify that the debt and cash ratios - intended to measure riba (usury) and riba-based elements within a company’s financial position - must be below 33 per cent of total assets.