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Zirva Business Solutions LLP,
V-148/14 A, 1stFloor, City Center,
Pattambi Road, Perinthalmanna,
Kerala, India679332.
Contact: +91 4933 227530, 227531
Mobile: +91 9745812277, 9645430941
Email: [email protected]
Web: www.zirvabs.com
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www.zirvabs.com Page 1Email: [email protected]
Wealth and ValuesZirva Sharia Securities is a division of Zirva
Business Solutions LLP; which is engaged in Sharia
compliant business, investment and educational services. The
firm was incorporated in April 2011.
Providing single window Sharia compliant services is at the core
of its vision.
Zirva Sharia Securities is the go to place for the Sharia minded
investor who wants to invest in
Sharia compliant equities. An investor can find the following
services with us:
1. Exclusively Sharia compliant Trading Accounts
2. Demat Services
3. Exclusively Sharia compliant investment advisory
4. Exclusively Sharia compliant stock picks
5.
Sharia restructuring of portfolios6. Porting of currently Sharia
non-compliant accounts to Sharia compliance
7. Calculation and communication of Zakat on assets
8. Sharia wealth management services
9. Sharia estate and financial planning
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www.zirvabs.com Page 2Email: [email protected]
Sharia Screening of StocksThe Sharia Screening of Stocks is a
four step process. The screening of equities are done in
accordance with the guidelines of Accounting and Auditing
Organization for Islamic Financial
Institutions (AAOIFI) which is the apex governance and standard
setting body for Islamic Financial
Institutions across the world; headquartered in Manama, Bahrain.
The screening of stocks is done
by Taqwa Advisory and Sharia Investment Solutions (TASIS);
Mumbai, India and the templates of
Sharia compliant stocks are uploaded to our trading terminals
which makes our trading terminals
exclusively Sharia compliant.
At the very outset the total universe of listed companies are
screened for their core business
activities. All those companies whose core business activities
are Sharia repugnant are screened out.
This will include companies which are engaged in the business of
conventional banking,
conventional insurance, Non-Banking Financial Companies with
interest based operations,conventional stock broking firms and
asset management companies, companies engaged in the
production and distribution of alcoholic beverages, cigarette
manufacturing companies, companies
engaged in the production and distribution of weapons, companies
engaged in the production and
distribution of Sharia repugnant entertainment, companies
engaged in the operation of hotels and
casinos etc.
In the second step the equities of companies qualifying in the
first level are considered for their debt
component as a percentage to their assets. This step is carried
out in observance of the rule of bai
al dayn, that is the Sharia rule that debts should be
transferred at par value. If the debt of a
company is found to be less than 25% of the total assets it is
regarded as a minor component and
the shares are deemed to be fit for trading in the secondary
market.
In the third step, the liquidity component of the equities is
measured as a percentage to total assets.
If the cash and cash equivalent assets of a company is 90% or
more of the total assets; such equities
are considered just like cash and deemed unfit for transactions
in the secondary market and hence
screened out.
In the third step the interest component in the total revenue of
a company is measured as a
percentage of the total revenue. The idea behind this screening
norm is to identify those companieswhich earn interest as a matter
of incidence and not as a result of deliberate investment in
interest
based avenues. In an interest based world financial order,
pilferage of interest into any business is
not possible to be kept at zero. All those companies that have
an interest component in their
revenue that is 3% or more are screened out.
Now, the investor has arrived in the Sharia compliant universe
of equities.
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www.zirvabs.com Page 3Email: [email protected]
Even with Sharia compliant equities the following practices are
not Sharia compliant and are not
carried out by us:
1. Short Sales
2. Interest Based Margin Funding
3.
Trading in Futures, Options and other Derivatives
The Sharia Screening Process of Equities
Over the last three years Zirva Sharia Securities has built an
astounding record of helping its
clients earn market beating return on their investments by
giving high performing Sharia
compliant stock picks. We can say with conviction that nobody
else gives their clients such
powerful daily stock recommendations which can do wonders to
your portfolio. This ability
has been created as a result of our tedious research to find
high performance Sharia
compliant stocks that can rewrite the investment story of the
Sharia compliant investor. Weare sure that nobody else can match up
to us in this front as we are committed to the niche
space of Sharia compliant stocks and investors can now be rest
assured that by working with
us their portfolios are not only becoming Sharia compliant but
capable of earning world class
returns.
TotalUniverse ofListedEquities
BusinessScreening
LeverageScreening
LiquidityScreening
InterestRevenueScreening
ShariaComplantUniverse ofListedEquities
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www.zirvabs.com Page 4Email: [email protected]
Who all can open accountwith us:
1. Individuals2.Partnership Firms / LLPs / Companies
3.
Trusts4.HUF5.Unincorporated Association or a Body of
Individuals6.Banks / Institutional Investors7.Foreign Institutional
Investors8.Army / Government Bodies9.Registered Society
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www.zirvabs.com Page 5Email: [email protected]
Zirva Business Solutions is also providing its services in the
following areas:
1. Partnership / LLP / Private and Public companies
registration.
2. Trademark registration.
3.
Project reports and business consultancy services.4. Software /
website development.
5.
Accounting and BPO services.
Zirva Institute of Islamic finance is offering training for
national and international
certifications in Islamic finance:
1. AAOIFI certifications.
2. CIMA certifications.
3. NSE, BSE and III certifications.
Work With Us
We invite Business Development Associates and franchises all
over India and abroad.Contact us or visit our website
www.zirvabs.comfor more details.
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www.zirvabs.com Page 6Email: [email protected]
ZIRVA Business Solutions LLP,
First Floor, City Centre, Pattambi Road, Perinthalmanna
Malappuram, Kerala, India - 679332
Email: [email protected]
http://www.facebook.com/Zirvabs | www.zirvabs.com
Landlines: 04933-227530 / 227531
Mobile: +91 9745812277, 9645430941
