Q: Is there an Islamic way where you can guarantee percentage of profitability for the investor? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is not permitted to guarantee a percentage of profit to the investor. Rather, the very basis for his eligibility for profit is that he is also exposing himself to […]
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What part of a Guaranteed Investment Certificate is haram?
Q: What part of a Guaranteed Investment Certificate is haram? My questions are about purifying myself because of my investments. I have money in a GIC (Guaranteed Investment Certificate) which focuses on blue chip companies: There portfolio breakdown is as follows: 20% Energy, 10% Conglomerates, 10% Utilities, 10% Telecommunications Services, 10% Mines & Minerals, 10% […]
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