Islamic Finance – Islamic Capital Finance - Islamic stocks
All share must go through a selection process before it can be traded as a Shari'ah-compliant stock to make sure that the underlying assets of the issuing company fulfil market criteria and are Shari'ah-compliant. The financial assets that the business uses to make money are a matter for the Shari'ah. Such income is acceptable if the sources are acceptable. The Dow Jones Islamic Market Index (DJIM) requirements are one of the most widely utilised measures for determining if a company's shares are compliant. Outstanding debt, cash, interest-bearing securities, and receivables are three of the main criteria considered. In addition to these, a fourth guideline states that the company's non-core, non-Halal operations must be separated from its main or core activities if it is to receive income from those activities. An operator of a resort that serves alcohol in its restaurants is an example of a non-core non-Halal enterprise.
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