Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Download
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword
Like this
0Activity
×
0 of .
Results for:
No results containing your search query
P. 1
What Shariah Says About Equity Investments

What Shariah Says About Equity Investments

Ratings: (0)|Views: 84|Likes:
Published by Komal Shujaat
Equity Investments in Islam
Equity Investments in Islam

More info:

Published by: Komal Shujaat on Jul 23, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See More
See less

07/23/2013

pdf

text

original

 
 
What Shariah Says  About Equity Investment? 
Saba Akhlaque Khan 
Director Investments 
Saba.khan@guardiansecurities.com.pk 
February 04, 201
 
 
 
AAAAAA AAA 
Shariah – Compliant Equity Investment 
Guardian Securities (Pvt.) Limited Ph # 042- 35870282 E-mail: research@guardiansecurities.com.pk
2
 In the name of Allah, the most merciful and beneficent The Holy Quran Says: 
“And fear the Day when you shall be returned to the Lord and every soul shall be paid in full what it has earned and no one shall be wronged.” 
(Surah al-Baqarah, Verse: 281
 
 
AAAAAA AAA 
Shariah – Compliant Equity Investment 
Guardian Securities (Pvt.) Limited Ph # 042- 35870282 E-mail: research@guardiansecurities.com.pk
3
 Table of Contents Contents Page
The Perception of Equity Investment
4
Prohibited Transactions in Shariah
5
Stocks Selection & Purification Methodology
6
1. Industry Screen
7
2. Security Screen
7
a. Analytical Review of Security Screen
7
1. Total Interest bearing debt / Total Assets
8
2. Interest – based Assets / Total Assets
8
3. illiquid Assets / Total Assets
8
Purification of Earnings
9
a. What Shariah Standards Say
9
b. The Present-day Common Practice
9
c. Purification of Capital Gain or Not?
10
 Application of Screening on Securities Listed at Karachi Stock Exchange
10
a. Shariah – Compliant Stocks
11
b. Shariah Non – Compliant Stocks
12
Conclusion
12
Glossary Used
13
References
13

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->