Dealing in equity shares can be acceptable in Shariah subject to the following conditions: The principal business activity of the company does not violate Shariah principles and Islamic Moral values. Therefore, it is not permissible to acquire the shares of the companies providing financial services on Riba (interest, usury), like conventional banks, insurance companies, or … Continue reading Islamic Sharia Compliant Investment Funds – Blog Series No. 2 Islamic Sharia Compliant Investment in Shares and Equity Funds
1. Ants are driven by purpose Ants have a clear long term objective or goal which shapes everything they do. For example, one ant’s sole job description is to find food for the colony. This is his purpose, and all that he inputs this time and energy into, and so it compounds his chances of … Continue reading What Can We Learn From Ants? Planning ahead, and Insurance.
The term “Islamic Sharia Compliant Investment Fund” in this blogmeans a joint pool of collective investments funds, wherein the investors contributes money for the purpose of its investment to earn halal profits in strict conformity with the precepts of Islamic Shariah and Fiqh (Jurisprudence), and managed by a professional fund/money manager. The subscribers of the … Continue reading Islamic Sharia Compliant Investment Funds – Blog Series No. 1 Introduction to Islamic Sharia Compliant Investment Funds