Description : IDAFA (iz'aafah) means multiplying or doubling. The name itself suggests that our main concern at Idafa Investments Pvt. Ltd. is to create wealth for you.
We have a sincere and dedicated team of consultants who continuously monitor the stock markets to generate profits for you, without compromising on Shariah by avoiding any dealings in companies involved in:
production and sales of alcohol,
production and sales of tobacco,
production and sales of vulgar entertainment
lending and borrowing on interest (banks and finance companies)
There are some financial parameters required for Shariah compliance like:
o a company should not have interest based borrowing more than 33% of its market capitalisation
o interest earning should not be more than 5% of its total income and
o receivables (current + long term) should not be more than 45% of the total assets
It is often understood by people at large that Stock Exchanges are Gambling Dens and thus an unethical avenue for investment. This understanding is flawed, if we consider the criteria of investments listed above and the fact that any form of speculative trading swing trading, margin trading, day trading, short selling or trading in derivatives is prohibited. In fact every investment has to done on the basis of the fundamental analysis of a company and its activities.
Idafa Investments Pvt. Ltd. offers the following Services to help you invest - the Shariah Way.
Stock Broking: We offer Stock Broking services since 1994. Our dedicated team of dealers can diligently execute your trades on BSE and NSE. We screen all companies based on the Shariah guidelines.
Mutual Funds: A mutual fund is a pool of investments by several thousand investors, which in turn invests in various listed and unlisted securities. We offer investment options in Tata Select Equity Fund, the only Shariah Compliant mutual fund in India, floated by the TATA MUTUAL FUND.
Investment Advisory & Management: We can take care of an entire range of Investment related activities for you - from assisting you in selecting stocks to managing your portfolio of stocks for optimum wealth creation.
Do contact us for your investing needs. We look forward to assist you in creating wealth and building a great future for you and your family.
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