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Islamic Finance Briefing - Categorized | Banking, Investment more

Develop new ways to invest endowments, says Salmi

Posted on 24 October 2012

The Awqaf and Religious Affairs has referred to the importance of improving and developing methods of endowment investments through scientific studies and take advantage of Islamic banks in the Sultanate to find new funding sources consistent with the Islamic law and open partnership with other government agencies to develop endowments to benefit everybody.
HE Sheikh Abdullah Bin Mohammad Al Salmi, Minister of Awqaf and Religious Affairs, said new ways have to be found to invest endowments to ensure high dividends and not merely follow old formulas. He also said that legitimate aspects should also be taken into account………………………………………..Full Article: Source

 
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