Your comments will be appreciated

ahmed_7 —

Dear Brothers and Sister

If anyone has any knowledge about Mutual Funding please post your comments. I would love to know what Islam has to say about Mutual Funds. I am trying to avoid interest, that is my main point.

Thank you

Forum

Seraphim — Tue, 14 Feb 2006 - 14:58

These are open-end funds that are not listed for trading on a stock exchange and are issued by companies which use their capital to invest in other companies. Mutual funds sell their own new shares to investors and buy back their old shares upon redemption. Capitalization is not fixed and normally shares are issued as people want them.