Islamic Sharia Compliant Investment Funds – Blog Series No. 3 Types of Funds – Islamic Commodity Funds

In an Islamic Commodity fund, the funds raised from investors are used in purchasing different commodities for the purpose of their resale at a profit. The commodities could be Gold, Silver, Grains, Sugar, Rice, Tea, coffee, beef etc, which are tradable in recognised commodity exchanges like Dubai Multi Commodity exchange etc. The profits generated by…

Insurance Series Blog Series No. 1 Introduction to Sharia Compliant Insurance – Takaful.

Islam has not prohibited insurance contrary to commonly held beliefs. As far as the concept of insurance in Islam is concerned, it is to cover the risk of loss, or the "fortunate many helping the unfortunate few". This concept is not only allowed, but also encouraged in Islam. "Help one another in righteousness and piety,…

Islamic Sharia Compliant Investment Funds – Blog Series No. 2 Islamic Sharia Compliant Investment in Shares and Equity Funds

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…

Islamic Sharia Compliant Investment Funds – Blog Series No. 1 Introduction to Islamic Sharia Compliant Investment Funds

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…

Importance of Insurance

Penned by Ali Ebrahim When disaster strikes, it’s best to be prepared. Nobody can predict the future but WISE people plan ahead for it. The unwise see buying insurance as an unnecessary expense but WISE people realize its true value. Having insurance OR Takaful is necessary because it allows people to have a contingency plan.…

‘Deep reservoir’ of private capital available to invest in Kenyan and East African businesses PRESS INFORMATION - 20th March 2017 Mombasa based corporate finance advisors Ace Financial Advisory Limited is now a registered Capital Raising Advisor (CRA) with DealWire, a service delivering a flow of private debt and equity investment opportunities to wealthy private investors…

The author, Nizar Motani, has portrayed the Aga Khan as one of the principal actors on the world stage. A towering international figure, the Aga Khan has been a ” Person of the Year”, almost year after year, in the eyes of a vast universe of prestigious private and public organizations. As the Diamond Jubilee…

A TRIBUTE BY JAMES WOLFENSOHN WORLD BANK PRESIDENT (1995-2005) James Wolfensohn, World Bank President (1995 – 2005), speaking on January 25, 2005 in Washington DC when the National Building Museum presented its sixth prestigious Vincent Scully Prize to His Highness the Aga Khan in recognition of his contributions to promoting design excellence and improving the […]…