Manafae Investment Company (Manafae) is a Kuwaiti
shareholding company with a total paid-up capital
of KD 20 million. The company was incorporated in
accordance with the commercial law of Kuwait and
operates under the rules and regulations of the Central
Bank of Kuwait.
The company’s business activities are compliant with the
Islamic Sharia’a standards and all of its activities and
operations are supervised by its Sharia’a board. |
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- KIPCO Asset Management Company
- Al-Imtiaz Investment Company
- Al-Zad Real Estate Company
- Public Institution For Social Services
- The Securities House Company
- Secretariat-General of Awkaf
- Bait Al-Zakat
- Public Authority for Minors
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Bait Al-Mashoura is appointed as the Sharia’a Board of the company
owing to its extensive experience and reputation in the field of Islamic and Sharia’a Advisory Consultants.
The main functions of the Sharia’a Board are:
- Provide the Sharia’a standards and guidelines related to the
company’s investments and operations.
- Supervise the company’s activities and ensure that they are
compliant to Sharia’a standards.
- Clarify inquiries and resolve Sharia’a issues that may arise from ambiguous transactions.
The company is bound by all Sharia’a Standards, rules and guidelines in all the business activities it conducts on its behalf and on the behalf of its clients. |
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