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Shariah Tolerant Equity Trading
As purchasing equity share is actually a partnership with the company entitled for profit or loss and a voting right to the share holder, therefore it is Shariah permissible to do equity share trading.
The stocks of a company in order to be Shariah compliant has to go into two phases of screening namely
A. Business Screening
B. Financial Screening
Multigain has developed a Shariah compliant trading platform under which a Shariah compliant investor cannot trade in Shariah incompliant shares. It shall automatically block the investor in executing the trade.