IOIOF Shariah Compliance
Screening Methodology: AAOIFI
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IOI Corporation Bhd. Stock Analysis IOIOF
IOI Corp. Bhd.is an investment holding company. The company is headquartered in Putrajaya, Wilayah Persekutuan and currently employs 28,000 full-time employees. The Company, through its subsidiaries, is engaged in the cultivation of oil palm, processing of palm oil and investment holdings. The Company’s segments include Plantation and Resource-based manufacturing. The Plantation segment is engaged in the cultivation of oil palm and processing of palm oil with operations in seed breeding, cultivation, and crop oil extraction. The company has approximately 98 estates,15 palm oil mills, four research and development (R&D) centers, and one biotechnology center across Malaysia and Indonesia. The Resource-based manufacturing segment is engaged in manufacturing of oleochemical, specialty oils and fats, palm oil refinery, palm kernel crushing, and processing of oil palm trunks. The company consists of downstream activities, such as refining of crude palm oil and palm kernel oil, and processing of refined palm oil and palm kernel oil into oleochemical, as well as specialty oils and fats products.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.