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FAQs

Subject - Investment - Initial Public Offering (IPO)

Promise of clearing Debts

Date: 9 OCT
Answered By: TASIS Management

Question

What if the company fails to adhere to its promises of clearing its Debt as promised in DRHP?

Answer

In such a scenario, Investors holding stocks that are deemed Shariah non-compliant should consider selling them immediately at the prevailing market price. Immediate purification of all capital gains derived from such investments is necessary, considering the same as impure income, along with dividends and any other proceeds resulting from corporate actions. This purification process ensures adherence to Shariah principles and maintains the integrity of one's financial dealings in accordance with Islamic law.