Establishment of the Idafa Investments franchise

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.