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Distribution of Shariah Investment Products

Distribution of Shariah Investment Products. In order to understand the distribution of Shariah Compliant Products we first need to understand by answering few fundamental questions . Islamic Investment & Products. Investments that comply with the principles of Islamic norms

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Distribution of Shariah Investment Products

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  1. Distribution of Shariah Investment Products

    In order to understand the distribution of Shariah Compliant Products we first need to understand by answering few fundamental questions
  2. Islamic Investment & Products Investments that comply with the principles of Islamic norms Investments that are not deriving benefits by activities, such as interest-based, alcohol, pork, tobacco, gambling, vulgar entertainments etc
  3. Shariah law & Products Shariah means Islamic Law Shariah compliance means adhering to the Principle of Shariah that is Islamic law like- Short selling, that is selling a product, which is not owned at the time of sale, is prohibited. As per Shariah principles, a person should not sell a product, which he is not able to deliver. Even sale of products owned but not in constructive possession of the seller is not allowed. Hence, all types of futures and options contracts, be it stock, commodity, currency or bond, are prohibited under Shariah Law.
  4. Shariah Vs Conventional Products Shariah products are guided by the core principles like- Justice, Transparency, Common interest, Encouragement of Profit and loss sharing & Public need or necessity. Shariah products are guided by following prohibitions like- Riba (Interest), Gharar (Deceive/Cheat/overall uncertainty), Maysir(Gambling),ProhibitedSector(Tobacco/Liquor/Pork/Pornography), Conditionality (Guaranteed Return) Conventional products are not restricted to the above principles and prohibitions.
  5. Demand for Shariah base Products in India? India has second largest Muslim population in the world after Indonesia and might become the largest in future as per the comparative growth rate of the past; the same is divided in three categories : One who is already investing without getting bothered by the nature of the investment options. Second are those who are investing in non Shariah investment options but would prefer to invest in Shariah based options, if given a choice. Third which is the largest in numbers are the one who are not investing at all as are very particular about investing only in Shariah compliant investment options.  More over we observed that Shariah is a style of ethical investment practices beneficial to the society as a whole and can be adopted by anyone in the society.
  6. Shariah Compliant Products in India Equity Trading Spot Commodity Trading Mutual Fund ETF PMS (Portfolio Management Services) Real Estate Investments NBFC
  7. The Multigain Group of Companies Multigain Securities Services Pvt. Ltd. Multigain Commodities Services Pvt. Ltd. Multigain Financial Consultant Pvt. Ltd. Multigain Shariah Investment Services Pvt. Ltd
  8. About Multigain Multigain is an integrated financial services group, offering a wide range of services to different clients, segments of the economy, includes EPF Trusts, Corporate, high net-worth individuals and retail investors. Provide all financial solutions under one roof.The Group has expertise in private and corporate wealth management, equity broking, equity research, portfolio management, asset advisory, commodity broking, mutual fund, currency derivatives and real estate, and also provides Shariah Investment Services.Multigain is India’s 1st Shariah Compliant Commodity Broker in National Spot Exchange Ltd. We take pleasure in announcing that we are the First to start Shariah Compliant Commodity Trading, SIP in Spot Commodities. We have created a trading basket on Shariah basis Stock list approved by “TASIS”. While each of these business is independent in itself, the values of integrity, teamwork, innovation, performance and partnership, shape the corporate vision and drive it to its purpose. MULTIGAIN group works in two different independent verticals namely Conventional and Shariah based Investment Services for direct clients, N.R.I Clients and distributor channels. Our partners and employees bring knowledge, experience and diversity to bear in our every endeavour. Their talent and experience has powered us to reach the respectable position we occupy in the Indian Financial Services Industry.” Our team of professionals and experts across various section, continuously working towards the customer satisfaction and proper growth in clients capital and bring knowledge, experience and diversity to bear in our every endeavor. Their talent and experience has powered us to reach the respectable position we occupy in the Indian Financial Services Industry. Multigain Securities Services Pvt. Ltd. is an ISO 9001: 2008 Certified Organisation.
  9. Online integrated platform
  10. Our Journey 1994 - On 25th September, started Multigain Investment Dealing in Third party product ,Primary Market like Life Insurance, General Insurance, NBFC, and Mutual Fund Bonds New Issues (IPO), Tax Saving Bonds, RBI Bonds etc. 2004 - Incorporation of Multigain Financial Consultant Pvt.Ltd. (ROC Reg. No. # U67190DL2004PTC130552) Expansion of Branch at Noida & Lucknow for Wealth Management Services. 2008 - Incorporation of- “Multigain Commodities Services Pvt. Ltd.”(ROC Reg. No. U52100UP2008PTC035237) & “Multigain Securities Services Pvt. Ltd.” (ROC Reg. No. U74999UP2008PTC035558) Started working on separate vertical for Shariah Investments Membership of MCX, (Member ID. 9080), 2009 - Membership of MCXSX(Member ID 59500), Membership of NCDEX(Member ID 00926), Membership of NMCE(Member ID CL0364), Membership of NSEL(Member ID 12400). 2009 - Launched Shariah Based Investment Services Jan 09, Started Shariah based Stock trading Jan 22, Started Shariah based Commodity Trading & became India’s 1st Shariah based Commodity Broker. April 09, Started Shariah based Mutual Fund distribution 2010 - Member of- BombayStock Exchange Ltd. (Member ID 6117) Member of- UnitedStock Exchange Ltd. (Member ID 13766) Membership of ACE (Member ID. 6152), Membership of ICEX (Member ID.1038). Started SIP in Spot Commodity & Became India’s first Broker to start SIP in Spot Commodity. Obtained an ISO 9001:2008 certification. 2011- Obtained the membership of Depository in CDSL Our overseas expansion tie ups in Dubai, Abu Dhabi, Riyadh, London and New York provides the platform to serve our NRI Clientele and simultaneously helps to grow our Shariah Based Investment Services as well.
  11. Multigain Shariah Investment Services Pvt. Ltd.(MSIS) Multigain has started its Shariah vertical on 2008 and formed Multigain Shariah Investment Services (MSIS) in 2009. It is an independent alternate whose operations are completely separate from Multigain’s conventional financial services. Primary objectiveof MSIS is to give an opportunity to those investors who want to invest in Shariah Compliant Products and Services as well as those who want to invest in socially responsible and ethical investments.
  12. The Proactive Role Multigain has India’s largest platform of distributing and broking of Shariah base investment products & services. In 2009, Multigain was the first to discover the Shariah compliant nature of the activities and the products of National Spot Exchange Ltd. (NSEL) in India. We participated actively with NSEL to make the offerings of the exchange more credible, investor friendly and Shariah certified. India’s 1st Shariah Compliant Commodity Broker. India’s 1st to start SIP in spot commodities. Multigain has an exclusive tie up with Taurus Asset Management Company (TAMCO), as a principal marketing associate for the first Shariah Compliant PMS certified by TASIS, "TM Shariah Strategy".
  13. Our Primary Focus “Our primary focus is to strengthen the Shariah vertical in such a manner that we get only remembered as the largest Shariah based investment provider in India.”
  14. Our Shariah Compliant Product Offerings MSIS provides one platform for all the available Shariah Compliant Financial Products and Services in India, such as: Shariah based equity trading: MSIS offers trading in equity shares in the Shariah compliant list approved by TASIS. Shariah based commodity trading: MSIS offers e-gold, e-silver, e-copper of e-series of NSEL a unique platform for Shariah Compliant Commodity trading. Shariah based Mutual Fund: At present there are only two schemes which are Shariah compliant and MSIS has both the Shariah Compliant Mutual Fund available in India which are namely Taurus Ethical MF & TATA Ethical MF. Shariah based Exchange Traded Fund (ETF): There is only one Shariah base ETF by Benchmark known as Shariah BeES which is also offered by MSIS. Shariah based Portfolio Management Service (PMS): In association with Taurus Asset Management Company (TAMCO) MSIS is offering the new Shariah Compliant PMS known as “TM Shariah Strategy”.
  15. Depository Services We have the membership of CDSL in both the segment in equity as well as commodity, having DP id 12070400.
  16. Thank You & Be a part in the mission of Shariah Investment in India in any manner. Please click the link to know more about Shariah Investment: http://www.multigain.in/Shariah_Investment.pdf To get associate log on to
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