WORKING HOURS

9:00am to 06:30pm

CALL US

+91 11 29945946

MAIL US

info@icif.in

IDAFA INVESTMENTS

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:

Debt to Assets:   Exclude companies for which Total Debt divided by Trailing 12-Month Average Market Capitalization (TTMAMC) is greater than or equal to 33%. (Note: Total Debt = Short-Term Debt + Current Portion of Long-Term Debt + Long-Term Debt)

Liquid Assets to Total Assets:   Exclude companies for which the sum of Cash and Interest-Bearing Securities divided by TTMAMC is greater than or equal to 33%.

Receivables to Assets:   Exclude companies if Accounts Receivables divided by TTMAMC is greater than or equal to 33%. (Note: Accounts Receivables = Current Receivables + Long-Term Receivables). 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 (iz’aafah) means multiplying or doubling. As the name suggests, our main concern at Idafa Investments is to create wealth for you, but we take on the additional responsibility of helping you to make money – the shariah way!

Investing in Equity Shares – the Shariah Way!

We offer Equity Share Broking services since 1994 on Indian Exchanges. We screen all the listed companies based on the Shariah guidelines and do not deal in the ones involved in Haraam businesses like production and sales of alcohol, tobacco, obscene entertainment, banking / finance companies and companies involved in operations that are detrimental for our environment and ecosystem.

We also follow guidelines offered by Shariah scholars and screen companies on the basis of some financial ratios like ‘Debt to Market Capitalisation’, ‘Liquid Investments to Market Capitalisation’ and ‘Receivables to Market Capitalisation’. If we find the companies to be extremely stretched on these financials, we disallow our customers to deal in them. We host the complete list of shares with its Shariah Compliance Status on www.idafa.cmlinks.com

It is commonly understood that investing in Equity Shares is like Gambling, but considering the compliance criteria mentioned above and the fact that speculative trading is prohibited leads one to the correct perspective. Investment in equity shares should be done based on fundamental analysis of a company and not on the basis of tips and rumours.

Recently we introduced internet trading and have joined hands with Angel Broking Ltd. to offer better services to our customers. We invite you to invest any surplus money in equity shares by starting an investment account with us to reap the benefits from equity investments.

Feel free to contact us for appropriate financial solutions or queries related to your investments – the Shariah Way!

Read more @ www.idafa.com/

BRANCHES

HEAD OFFICE, AGRIPADA, MUMBAI CENTRAL(E), MAHARASHTRA

Name of the Branch

:

Head Office

     

Registered Address:

:

Mimson House, 2nd Floor,
92, Lokmanya Tilak Marg,
Mumbai 400003.

     

Phone no

:

+91 22 23438533

Email

:

invest@idafa.com

MIRA ROAD, THANE

Name of the Branch

:

Mira Road Branch

Contact Person

:

 

Afroz Vasaya

Address

:

 

Swagat Towers, Opposite Laxmi Park, Lodha Road, Naya Nagar, Mira Road (E), Dist Thane 401107

Phone no

:

91 22 28127394

Email Id

:

afroz@idafa.com

 

welcome-img

News Updates

  • Islamic Development Bank seeks tie-ups for infrastructure investments

    Islamic Development Bank exploring joint opportunities with other multilateral development banks to invest in India’s infrastructure sector Tue, Jun 26 2018 Utpal Bhaskar Mumbai: Islamic Development Bank Group, one of the largest lenders to Muslim countries, is interested in exploring joint...

    Read More
  • BRINGING ISLAMIC BANKING TO INDIA

          Trying to bring Islamic banking to India   Though Muslims are a minority in India and are generally less affluent than Hindus, in sheer numbers they make India the second largest Muslim nation in the world. Cumulatively, their investment power is tremendous and rep...

    Read More
  • IMF ACCEPTS FINANCIAL ISLAM

      Criminal for our education sector to ignore it any longer Dr Mehboob Makhdoomi Srinagar | Posted : Jun 3 2018 The International Monetary Fund (IMF) has finally incorporated Islamic Finance into its financial sector assessments beginning January 1, 2019, calling Islamic Finance ...

    Read More
  • Islamic Finance Muslims in India develop mutual health insurance scheme as alternative to takaful

    Islamic finance pioneers and like-minded community leaders in India have come together to introduce an alternative product to formal takaful, which doesn’t exist in the country. A not-for-profit health assurance scheme, called Uplift Mutuals Biradaree, started in April this year at two of M...

    Read More
  • INT’L ZAKAT CONFERENCE KERALA CATERS HOPE FOR CREATIVE ZAKAT SYSTEM IN INDIA

    By HABEEB RAHMAN CP The International Zakat Conference, organised by Baithuzzakath Kerala, concludes in Cochin with the new hope for the effective zakat management in the country. More than 250 high-profile delegates from various parts of the country and other nations participated in the conference...

    Read More
  • ZAKAT THE SOURCE OF SOCIAL UPLIFTMENT AND ECONOMIC EMPOWERMENT

    Dr. Rahmatullah Abdul Ahad dwells upon how Zakat can be a source of social upliftment and economic empowerment. Poverty, which indicates the absence of material means, is rampant in all the states of India irrespective of caste and clan wise composition of the society. The consequence is sufferings...

    Read More
  • ISLAMIC BANKING IN J&K: HC GIVES FINANCE MINISTRY, RBI TWO MORE WEEKS TO RESPOND

    The Forum also seeks direction to the J&K Bank to take immediate steps for opening of Shariah-compliant windows to accomplish the objective of mass level participation in Shariah Banking. The High Court on Tuesday granted two more weeks to the Union Finance Ministry, Reserve Bank of Ind...

    Read More