Is Paramount Corporation Bhd (1724.KL) halal? Halal. Paramount Corporation Bhd is classified Shariah-compliant by the Securities Commission Malaysia (SAC), the official regulator for Bursa Malaysia.

17

1724.KL: Is Paramount Corporation Bhd Halal?

Halal

Paramount Corporation Bhd

KLSEPropertyMY

RM聽1.00

+0.00%

About Paramount Corporation Bhd

Paramount Corporation Bhd (1724.KL) is listed on Bursa Malaysia (KLSE) and classified Shariah-compliant by the Securities Commission Malaysia's Shariah Advisory Council, effective 30 May 2025.

Sector: Property

Shariah Compliance Status

SC Malaysia listUpdated Jun 1, 2026
A+

Excellent

Exceptionally strong compliance

100Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Shariah Status: Official

Compliant

Paramount Corporation Bhd is classified Shariah-compliant by the Securities Commission Malaysia (SAC), the official regulator for Bursa Malaysia.

Market Cap

RM 0.62B

Total Debt

RM 1.32B

Cash & Deposits

RM 0.32B

Revenue

RM 0.95B

Screened under the SC's official two-tier methodology (business-activity benchmarks plus debt/total-assets and cash/total-assets below 33%), aligned with AAOIFI principles. Financials shown for reference (Yahoo Finance).

HalalScreener AAOIFI Analysis

Informational

Our independent AAOIFI financial-ratio screen (market-cap basis). The halal/haram verdict above is the Securities Commission Malaysia鈥檚 official ruling: it also weighs business activity and uses a total-assets basis (33% limit), so these ratios can differ from the verdict (e.g. a low-market-cap utility can exceed 30% here yet remain SC-compliant).

Debt / Market Cap212.2% / 30.0%

Compliance History

Halal, unchanged since May 2025.

No status changes recorded since we began tracking.

Tracked since May 2025. Updates automatically on each re-screen.

Screened: Jun 1, 2026Fiscal: SC SAC official list, effective 30 May 2025Source: SC_OFFICIAL

Purify Your 1724.KL Dividends

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Financial Overview

Market Cap

622.8M

Price

RM聽1.00

Sector

Property

Industry

-

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Frequently Asked Questions

Is Paramount Corporation Bhd (1724.KL) halal to invest in?
Paramount Corporation Bhd (1724.KL) is classified Shariah-compliant by the Securities Commission Malaysia (SAC) official list, the authoritative ruling for Bursa Malaysia-listed stocks. The SC uses a two-tier methodology: business-activity benchmarks plus financial ratios (debt/total-assets and interest deposits/total-assets below 33%).
Why did Paramount Corporation Bhd get a A+ compliance rating?
The Securities Commission Malaysia assigns Shariah-compliant status annually via its Shariah Advisory Council (SAC). The methodology applies a two-tier test: (1) a business-activity benchmark and (2) financial ratios (total debt and interest-bearing deposits both below 33% of total assets). Paramount Corporation Bhd meets these criteria under the SC's current assessment.
What could change Paramount Corporation Bhd's Shariah verdict?
The Securities Commission Malaysia reviews its Shariah-compliant securities list twice a year (typically May and November). Paramount Corporation Bhd's status may change if its business activities shift into prohibited sectors or if its financial ratios (debt or interest deposits exceeding 33% of total assets) deteriorate at the next SAC review.
How often is Paramount Corporation Bhd re-screened for Shariah compliance?
The Securities Commission Malaysia publishes its updated Shariah-compliant securities list twice a year, in May and November, based on each company's most recent annual financial statements. HalalScreener mirrors the SC's official list and updates immediately after each publication.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.