UERY BY SOME INVESTORS
Concerned Investor queries: I just have a few queries on this matter: Should the directors of Amaanat investment agree to pay back distressed shareholders, will this be at the…
Category
Finance - Banking - Business
427 answers. Every one links back to its page or issue on themajlis.co.za.
S BY THE MINORITY SHAREHOLDERS We would like the islamic view and guidance on the following queries: Summary of Case
maanat has around R150m – R200m in cash reserves. Amaanat distributes quarterly +-R26m to all shareholders which only benefit the large investors, if this was to stop Amaanat would…
1 Do the investors have a right to the repayment of their money they have invested in Amaanat or they must continue to wait as no buyers exist and off
In a Shirkat (Partnership) venture, investors are not repaid their investment. They are paid their respective shares of the profits. Their shares extend to the assets of the…
2 It has come to our attention that other Ulema believe that investors must find their own buyers or take the low prejudicial offer or continue to be
It is not entirely correct. “Buyers” for what? What are the investors supposed to sell? The investors have no possession of any of the assets which are from the Islamic perspective…
3 If no solution is presented by the board to address this matter, Will it be just and equitable for those who want to exit to apply for liquidation f
Those who desire to remain in the company are guilty of zulm because they are in flagrant conflict with the Shariah. The partners who want to quit may not be refused their rights.…
According to the lawyer, Mr.
We are not the muqallideen of Mufti Taqi or of the other contemporary senior Ulama. We are the Muqallideen of Imaam Abu Hanifah (rahmatullah alayh). Mufti Taqi’s view is his…
The Majlis has always held the view that it is not permissible to stipulate a salary for a partner in addition to his profit-share.
The view of The Majlis is the official view of the Shariah while the contrary view is a personal opinion. The answer in Ahsanul Fataawa is erroneous. The honourable Hadhrat Mufti…