As a country with a massive Muslim population, Malaysia has a lot of halal stocks that also have a good dividend you might consider. As an investor, we always want to get a good return since it indicates excellent productivity of a company. In today’s topic, we will talk about halal stocks that have good dividends. Therefore, in this article, we have listed three companies that provide stable dividend percentages.
Most importantly, you do not have to worry because these companies have been reviewed by the Shariah Advisory Council (SAC) of Securities Commission Malaysia (SC). Thus, if you are planning to vary your portfolio investment by adding some Malaysian stocks, here are some recommendations for you:
|Symbol Name||Company Name||Market Cap||Dividend Yield||Sharia Status|
|1||PETGAS||Petronas Gas Berhad||33.64B MYR||4.24%||Compliance|
|2||UTDPLT||United Plantations Berhad||5.67B MYR||2.20%||Compliance|
|3||NESTLE||Nestle (Malaysia) Berhad||31.40B MYR||1.73%||Compliance|
PETGAS (Petronas Gas Berhad)
Firstly, we picked up PETGAS as one of the best stocks in Malaysia based on its dividend. National Petroleum Limited (Petronas Gas Berhad) is a Malaysian oil and gas corporation. The organization was founded in 1974 and is completely owned by the Malaysian government. Furthermore, the company is entrusted with developing and adding value to the country’s oil and gas resources. According to the Fortune Global 500, Petronas is one of the world’s largest enterprises. Moreover, Petronas Gas was listed as the world’s 1881st largest public business in the Forbes Global 2000 in 2017.
UTDPLT (United Plantations Berhad)
United Plantations Berhad (UP) has risen in size and significance since its humble beginnings in 1906. Furthermore, it became one of Malaysia’s largest plantation corporations. With a strong commitment to social and environmental care, UP has established itself as a leader in sustainable palm oil production. Additionally, UP is now one of Malaysia’s bigger medium-sized plantation firms, with a well-deserved reputation for innovative agricultural practices, high productivity, and high-quality goods.
NESTLE (Malaysia) Berhad
Nestlé has been feeding Malaysians with great brands and products since 1912. It is also retaining its halal excellence and integrity. This is consistent with its mission of releasing the power of food to improve the quality of life for everyone, now and in the future. Moreover, Nestlé Malaysia now has six factories and over 5,000 employees across the country, producing over 500 Halal-certified goods.
In short, those three companies are safe for you to invest in. You can choose those recommended halal stocks that also can give you a good dividend. You will not only be gaining good profit but also aligning the investing with Islamic law.
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