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Topic starter
Just want to know why exide industries is non compliant. Is battery making a issue or something else which is making it non compliant.
Posted : 05/11/2021 7:13 am
In addition to battery making , the company is also involved in the business of Life Insurance ( Exide Life Insurance) which is a fully owned subsidiary. And as we know life insurance business is not considered shariah compliant and this is one of the core activities of the company , therefore the company is categorized non-compliant.
Jazakallah.
Posted : 06/11/2021 5:11 am
Topic starter
@moneybfagmail-com Brother could you please answer my other question(How compounding works?) in forum. I've given reference of your video. just want to understand, how things work.
Posted : 06/11/2021 7:46 am
