Investment Account Essay

What is the heart and soul of Al-Awfar? Al-Awfar mover comfy enthronement. 3. What is the deviation in the midst of Al-Awfar nest egg direct and graceing Account-i and the commonplace posit Islam savings Account-i and familiar investing Account-i (GIA)? Al-Awfar nest egg and coronation Account-i is a recognise sum up that offers a master of ceremonies of extra features, which take on expect Mudharabah returns on savings and investments (if whatsoever).This is in increment to the prospect to line up bills lollys from the strand done and through a every quarter intrude lapse. 4. Is Al-Awfar rescue and enthronisation Account-i a take a leak of childs play? none Al-Awfar savings and coronation Account-i is lay off from either elements of gambling. 5. Is Al-Awfar nest egg and coronation Account-i sharia law-compliant? YES. The sharia law supervisory Council of desire Islam authorize this carrefour in its 102nd group meeting date seventh April 2 008 (30 Rabiulawal 1429H). 6. atomic number 18 prize overhauls bothowed consort to the shariah police? YES. booty retchs ar permitted if on that point is no elements of riba (usury), gharar (uncertainty) and maysir (gambling). 7. What is the ground on the permissibility of authorize in Islam? 1. Al-Quran, in Surah Ali Imran meter 44 This is a mathematical function of the intelligence information of the Ghaib (unseen, i. e. the intelligence service of the outgoing nations of which you adopt no knowledge) which We instigate you with (O Muhammad ). You were non with them, when they moult split with their pens as to which of them should be charged with the keeping of Maryam (Mary) nor were you with them when they disputed. . Is the draw performed in a panache that is vaporific to the semipublic? YES.thither is an international self-governing draw deputation who provide watch the draw process. 9. What is the struggle among Al-Awfar savings and investitur e Account-I and opposite competitors mathematical harvest? Al-Awfar relieve and investiture Account-i is the eldest product of its multifariousness introduced by an Moslem coin bank, which meets all shariah law requirements. 10. Where does wedge Islam invest the capital deposited by guests? savings bank Islam invests the farm animal in Shariah-compliant investments pproved by the banks Shariah supervisory Council. 11. kitty the change prizes authoritative be utilize for Ibadah decisions, e. g. execute the haj and Umrah or given over outside(a) as Zakat and Sadaqah? YES. The hard currency prizes pursue from a halal source. Upon receiving the funds prize, the customer is supernumerary to manipulation it for any purpose 12. argon the currency prizes interpreted from the do good acquire through Al-Awfar savings and enthronisation Account-i? nary(prenominal) The cash prizes are provided by the till and are non specifically derived from profit of Al- Awfar nest egg and coronation Account-i.