Soul in the Game

 Islamic principles of equity investing Just like other matters, people do ifrat (immoderation) and Tafreet (negligence) and avoid I’tedal and iqtesad (moderation, middle way) in equity investing also. On one hand, there exists a tribe that is indifferent to the Shariah’ guidelines and indulges in all kinds of transactions without delving into its permissibility. On the other hand, some see too many Shariah issues and consider it better to avoid them. Such is the importance of moderation Quran says about the immoderation of the previous communities in the following words: وَلَوۡ اَنَّهُمۡ اَقَامُوا التَّوۡرٰٮةَ وَالۡاِنۡجِيۡلَ وَمَاۤ اُنۡزِلَ اِلَيۡهِمۡ مِّنۡ رَّبِّهِمۡ لَاَ كَلُوۡا مِنۡ فَوۡقِهِمۡ وَمِنۡ تَحۡتِ اَرۡجُلِهِمۡ‌ؕ مِنۡهُمۡ اُمَّةٌ مُّقۡتَصِدَةٌ‌  ؕ وَكَثِيۡرٌ مِّنۡهُمۡ سَآءَ مَا يَعۡمَلُوۡنَ “If they had observed the Torah and the Gospel and that which was revealed unto them from their Lord, they would surely have been nourished from above them and from beneath t...

 Equity Participation The purpose of this write-up is to draw attention to an important issue that is being neglected. Misunderstandings are as much a reason for this non-participation as ignorance. We usually keep the savings in the form of a bank balance after spending from our earnings. Due to inflation, the value of this continues to deplete. Inflation is a reality of the current world that is reducing the value of most of the currencies in the world. The main reason for this is the printing of money irresponsibly by all countries since the Bretton Woods Conference. If the growth rate of money supply (that includes money printing) in an economy exceeds the growth rate of goods and services, the natural consequence will be inflation. For example, if the current value of a product is one lakh. And if the inflation rate is 7.5%, then after 10 years the product will be priced at Rs 206,103. According to the latest figures from MOSPI, the inflation rate in May was 6.2%. However, the...