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Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Capital Markets A New Dimension Faraz Younus Bandukda Chief Executive Fortune.

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Presentation on theme: "Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Capital Markets A New Dimension Faraz Younus Bandukda Chief Executive Fortune."— Presentation transcript:

1 Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Capital Markets A New Dimension Faraz Younus Bandukda Chief Executive Fortune Islamic Services

2 Fortune Securities Limited | Equity Research Fortune Islamic Services Prohibition of Riba Quran Those who benefit from interest shall be raised like those who have been driven to madness by the touch of devil; this is [just] BECAUSE THEY SAY: Trade is like interest. While Allah has permitted trade and forbidden interest. Hence, those who have received the admonition from their Lord and desist, may keep their previous gains, their case being entrusted to God but those who revert shall be inhabitants of fire and abide therein forever (The Cow – Sura Al-Baqara 2:275)

3 Fortune Securities Limited | Equity Research Fortune Islamic Services Prohibition of Riba Quran O believers, fear Allah, and give up what is still due to you from the interest (usury), IF [indeed] you are true believers[!!!]. If you do not do so, then take Notice of War from Allah and his Messenger. But, if you repent, you can have your principal. Neither should you commit injustice, nor should you be subjected to it. (The Cow – Sura Al-Baqara 2:278-9)

4 Fortune Securities Limited | Equity Research Fortune Islamic Services Prohibition of Riba Hadis The Holy Prophet SAW cursed the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: They are all alike (in guilt). (Sources: Jabir ibn Abdullah, Muslim, Tirmidhi, Musnad Ahmed) The Holy Prophet SAW said: Even when interest is much, it is bound to end up in paltriness. (Sources: Ibn Mas`ud, Ibn Majah, Musnad Ahmad)

5 Fortune Securities Limited | Equity Research Fortune Islamic Services Importance of Capital Markets Link between savers and investor Encouragement to Save Encouragement to Invest Promotion of Economic Growth Capital market plays an important role in mobilizing resources, and diverting them in productive channels. In this way, it facilitates and promotes the process of economic growth in the country.

6 Fortune Securities Limited | Equity Research Fortune Islamic Services Islamization of Economy Banking Industry Mutual Funds Insurance Capital Markets General Business Practices

7 Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Capital Markets Equity Markets Fixed Income Securities Government Securities Private Sector Securities Commodity Markets

8 Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Equity Markets Islamic Index available on the Karachi Stock Exchange Shariah Screening Guidelines Role of the Brokerage Company A formal approach Research and Analysis Continuous Improvement

9 Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Fixed Income Securities Govt of Pakistan Ijarah Sukuk Corporate Sukuks Issue of Liquidity Market Awareness Role of BATS

10 Fortune Securities Limited | Equity Research Fortune Islamic Services Islamic Commodity Contracts Commodities have an Islamic Perception inbuilt Shariah Compliant contracts on the PMEX Role of Islamic Fund Managers Fortune – the only Shariah Compliant Commodity Brokerage Provider in Pakistan Increasing Volumes Contracts as per Shariah Guidelines

11 Fortune Securities Limited | Equity Research Fortune Islamic Services Whats on Offer Shariah Compliant Investment Options Shariah Screening Guidelines Income Purification Guidelines Research and Analysis on selected Investment Avenues Efficient Execution Services Peace of Mind

12 Fortune Securities Limited | Equity Research Fortune Islamic Services Contact Details Faraz Younus Bandukda Chief Executive Fortune Islamic Services (pvt) Limited A subsidiary of Fortune Securities Limited


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