Arbun and Cash settlement : [Ar boon and leverage]
السؤال
ASA Br. Dr. Monzer, On a different topic from what we last talked about, my existing small private investment fund is a long-short equity fund with a sustainability theme, and I’d like to try to make it Shari’ah compliant. The screening of stocks is fairly straightforward and I am already doing that. The three questions I have are 1) Is there a Shari’ah-compliant way to employ modest leverage in the fund, analogous to buying stocks on margin, possibly using daily Murabahah transactions or some other satisfactory method ? 2) Is there a Shari’ah-compliant way to profit from the decline of a stock from a speculatively overvalued level (analogous to short-selling). I’ve attached the Arbun paper by Shari’ah Capital (Yusuf DE Lorenzo) on this topic. They are using this strategy now. What do you think of this ? Do you think we could structure something similar ? 3) What about investing in mutual funds ? For example, many large public companies can be viewed as a conglomeration of many businesses, and we apply Shari’ah screens to them as a whole. So for example, Walmart might be Shari’ah compliant according to current standards even though it has some debt and receives some interest on cash deposits and receives a very small percentage of income from the sale of cigarettes or wine. What about the S&P 500 as a whole ? if one buys a mutual fund that invests in the S&P 500 and the S&P 500 taken as a whole passes all current Shari’ah screens, is it Shari’ah-compliant to own this mutual fund ? Please let me know if you feel there is a way forward in some of these areas, and perhaps we could work on them. Thanks. Best regards, Jeff
جواب الفتوى
أنقر هنالمشاهدة هذا المحتوى
تاريخ النشر
2009-11-16
التخصصات الرئيسية
الأديان
القانون
الدراسات الإسلامية
الموضوعات
- الفقه الإسلامي
- الاستثمارات
- الأسواق المالية
- الأسهم
- المضاربة
- بيع المرابحة
- صناديق الاستثمار
- هامش الربح
- الرافعة المالية
عدد الصفحات
2
نوع البيانات
فتاوى
لغة النص
الإنجليزية
رقم السجل
BIM-733936
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Qahf, Mundhir. 2009-11-16. Arbun and Cash settlement : [Ar boon and leverage]. .
https://search.emarefa.net/detail/BIM-733936
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Qahf, Mundhir. Arbun and Cash settlement : [Ar boon and leverage]. 2009-11-16.
https://search.emarefa.net/detail/BIM-733936
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Qahf, Mundhir. 2009-11-16. Arbun and Cash settlement : [Ar boon and leverage].
https://search.emarefa.net/detail/BIM-733936
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر