The allegation of AMAANAT MINORITIES is that AMAANAT INVESTMENT HOLDINGS refuses to disclose “the current cash reserves and Audited Financials”. If this allegation is true, it constitutes a gross abuse of Amaanat (Trust). It is haraam to withhold information from partners in a business venture. There can be no valid Shar’i reason for denying Partners/Shareholders access to information pertaining to the state of the partnership venture.
Why is Amaanat Investment Holdings denying access to information which the shareholders are urgently and rightfully seeking. An official of Amaanat Investment Holdings informed us that there is NO cash available. If this is true, then why is documentary evidence not provided to substantiate the claim?
The first imperative step for a satisfactory resolution of the dispute is for Amaanat Investment Holdings to desist from dubious acts which cast dark and sinister shadows over the dealings of the company. They have to be glaringly transparent.
We have been informed that the former ‘bosses’ who were in charge of this massive Haraam company , despite being multi-multi millionaires, had stolen 2 billion rand of the company’s assets. These are issues which cannot be swept under the carpet.
We reproduce the latest statement issued by Amaanat Minorities.
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12 Sha’baan 1446 – 11 February 2025