Islamic Accounts

Tejara Capital Investment Bank is a member of both the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the General Council for Islamic Banks and Financial Institutions (CIBAFI). All Tejara Capital accounts are Islamic accounts that are fully compliant with Islamic law.

Tejara Capital investment accounts are specially designed for the Muslim investor. All central banks agreed on these accounts and huge funds have been invested by United Arab Emirates goverment for these accounts to work directly with the markets.

Invest in the Islamic way

As there are no benefits , there are no extension commissions , no trading by leverage , and companies with activities related to wines or pork or financial services or prohibited entertainment activities have been excluded.

Tejara Capital Investment Bank also has his sharia committee that supervise and oversee the sharia compliance off its products & transactions , The committee have reviewed the portfolio management contracts and Tejara Capital Islamic accounts and approved it withinthe following controls :

• Mudaraba, murabaha and all tejara capital investment methods is a form of partnership in which one of the parties provides capital, while the second party provides expertise and managerial skills. The bank may invest a share of its own funds in the joint investment pool after notifying account holders and considering them tacitly agreeing not to object.
• Tejara Capital Investment Bank invests the funds received from clients along with its own funds in a joint investment pool. These funds in this joint investment pool are used to provide financing to customers and to invest them as the bank deems appropriate in light of investment transactions that are compatible with the provisions and principles of Islamic law.
• Tejara Capital Investment Bank and its clients share their profits as they agreed by the contract , and they may agree to change the distribution percentage with an indication of the period over which their agreement applies.

The issue of capital protection service provided by Tejara Capital Investment Bank

Tejara Capital Investment Bank introduces a new innovation in the world of Islamic investment, as it provides full capital protection while giving opportunity for investors to obtain high returns in short-term investments. It is an alternative investment compatible with the provisions of Islamic Sharia, which consist of a series of unrestricted murabaha and modaraba operations, which allows the tejara capital investors to earn way more higher returns than what they can earn by investing through the traditional investment methods.

As for the Islamic legitimacy of these services , we firstly need to clarify the issue. The Islamic bank (Tejara Capital Investment Bank) , in its capacity as the speculative agent, guarantees the money of the depositors, so that if the trading won , the owner of the money (the depositor or the client) would have a share of the profit, and if it lost the bank (Tejara Capital Investment Bank) would bear the loss completely .
How can Tejara Capital Investment Bank offer such an exceptional service? What allows Tejara Capital Investment Bank to provide such a high standard service is its good choice of investments in which these funds are occupied, diversifying them, and using safe investment methods that achieve rewarding positive returns.

The Sharia Board has authorized this service provided by Tejara Capital Investment Bank for the following reason:

1. The Speculator or the Side who manage the investments (case Tejara Capital Investment Bank) is contributing full capital protection and it’s not any (client) condition , and there is a big main difference between those cases and this legally permits the service in a manner that cannot be construed.
2. These investment banks make huge profits which leads to the concentration of wealth, and this is one of the main reasons of our tolerant Islamic Sharia to prohibit the usury.
3. Withholding the inefficiency of some of these investment banks.
4. Prevailing laws and regulations prohibit exposing the funds of depositors or clients to risks. Therefore, it is not possible to let the clients bear all the loss if it is realized.

Therefore, The Sharia Supervisory Board believes that there is no dispute regarding the Islamic legitimacy of this service, and should be permitted because this service has been designated for the purpose of caring people.

The Sharia Supervisory Board determines in accordance with the foregoing that all contracts and investment accounts offered and provided Tejara Capital Investment Bank are in compliance with the provisions and rules of Islamic Sharia.