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Saturday, December 01, 2007

http://iio.moneycontrol.com/ Principle of SHARIA''H Investment

Principle of SHARIA''H Investment
The term 'Islamic Investment ' in this article means a joint pool wherein the investors contribute their surplus money for the purpose of its investment to earn halal profits in strict conformity with the precepts of Islamic Shari'ah. The subscribers of the Fund may receive a document certifying their subscription and entitling them to the pro-rata profits actually accrued to the Fund. These documents may be called 'certificates' 'units' 'shares' or may be given any other name, but their validity in terms of Shari'ah, will always be subject to two basic conditions:
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