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By abuali
#12350
All over town the hype of the NMB IPO is spreading like wildfire.

Several brothers/sisters have come to me for advice with regards to investing in NMB. Hence, I decided to post a few thoughts here..

Some time ago when there was heresay of the NMB IPO, Dr. Alidina had a small presentation after maghribayn prayers where he explained that investing in NMB shares would be haraam.


The logic that he pointed to was that investing in any institution which derived its main income from 'interest' is automatically haraam. (since any share of profits an investor would receive would be derived from interest income)
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By abuali
#12352
Dr. Alidina is going to give a talk on the NMB shares masael on thursday(28 Aug 2008) after maghribayn at the DSM Mosque
“Clarification on Shariah Ruling of Buying shares (NMB IPO) on Thursday, 28 August, 2008 after Maghribein Paryer/ Dua-E-Kumayl”
· All Shia Ithnasheri Ladies & Gents can attend
· Venue: Mosque/Mehfil Abbas (AS)
#12415
As per what I heard from a friend...
That NMB shares can be bought, but at the time of DIVIDEND one should take i think half of it to sadqa !
Because the Financiers are MIXED ...

Lets get a logic reason:-
I asked Agha Sistani's office...They said if the FINANCIERS are NON Muslim then we are allowed !

So, as per what I thought was we can buy from IPO (Initial Public Offer) or Primary Market (which is over) ..after that in Secondary we arent allowed...
But that doesnt matter now...

I think you can buy anytime you want, just take half of your dividend income and give to charity !

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