Idafa Investments Pvt. Limited
Shariah Compliant Investments (Equity Shares, Mutual Funds & Portfolio Management Services)
15/05/07 - The Idafa Investments franchise means multiplying or doubling and the name itself suggests its main concern to create wealth for its clients. The business services franchise has a dedicated team of consultants, who monitor the stock markets on a continuous basis, in order to generate profits for the customers. The business consultant franchise does not compromise on Shariah and eliminates dealings with companies involved in the production and sales of tobacco, alcohol, vulgar entertainment and borrowing or lending on interest (finance companies and banks).There are financial parameters for Shariah compliance such as debt to assets, which excludes companies wherein total debt is divided by trailing one year average market capitalisation that is greater than or equal to 33 per cent. The other financial parameters are liquid assets to total assets, which excludes companies wherein the sum of cash and interest-bearing securities is divided by TTMAMC is more than or equal to 33 per cent. Finally, receivables to assets is a financial parameter, which excludes companies, wherein accounts receivable is divided by TTMAMC is more than or equal to 33 per cent. People often think of stock exchanges to be gambling dens and therefore an unethical avenue for making investment. However, this is flawed, if one considers the criteria of the above-mentioned investments and the fact that forms of speculative trading swing trading, day trading, margin trading, trading in derivatives or short selling is prohibited. Every investment needs to done based on a fundamental analysis of a company and its activities.
15/05/07 - The Idafa Investments franchise commenced business in 1994 by Ashraf Abdul-Haq Mohamedy who was a student of Islamic Economics and Finance and an entrepreneur. As he had many investors in his family, he had a strong family background and therefore had an inclination to choose a profession in stock broking. Ashraf Abdul-Haq preferred to offer services by following the Shariah based investment philosophy.Ashraf Abdul-Haq Mohamedy thought that Shariah was not only an exclusive domain of Muslims, but it is for the entire humankind. The business consultant franchise has strived to provide efficient services and business dealings. The Idafa Investments franchise has offices in Bombay and Surat, with more than 750 clients and it has transformed gradually from a broking firm to an all round investment consultancy,The business services franchise offers efficient services in the Shariah based investments sector and helps clients with their investments. The business services franchise has been offering stock broking services since 1994 and its dedicated team of dealers cleverly executes customer’s trades on BSE and NSE. A mutual fund consists of several investments, wherein these investments are in turn invested in listed and unlisted securities. The Idafa Investments franchise offers investment options in Tata Select Equity Fund, which is the only Shariah Compliant mutual fund in India.