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FAQs
Subject
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Mutual Fund/ETF
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Investment
Investment in Tata Ethical Fund (TEF)
Date: 16 SEP 2022
Answered By: Management
Question
Are all the owners of the said companies where TEF invests our money, Purely Non Muslims? i.e all the companies have 100% non muslim owners and no muslim holds any shares of any percentage in the given company?
Answer
There is no way we can know whether all the owners of all companies in which TEF invests are non-muslims. However, in spite of the relatively low participation of Muslims in listed companies in India, we can confidently assume that there will definitely be at least a small percentage of muslims holding in at least some of these companies.
Allah Knows Best...