SCSM - Updates
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Auction me check karo. Aapki holding kaa koi aa rha hai too aacha rate mil sakta hai
Assalamualaikum wr wb

Tata Technologies kaa ipo apply karne say phale niyat karlo ki agar mil gaya usme joo profit hoga uska 10% sadqa karunga. Isse Milne ke chance jada hoo Jayange.
Agar fir bhi naa Mila too samaj loo isme Allah ki taraf say kuch kahir hi hogi

Allah knows best 🤲
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If you are not able to place orders - Contact Customer Care
If you cannot see funds correctly- Contact Customer Care
If you got a Pledge email wrongly- - Contact Customer Care
If you got an SMS you cannot understand- Contact Customer Care
If your Stocks are not visible - Contact Customer Care
If you need Profit/Loss reports- Contact Customer Care

For anything related to BROKER, TRADING APP, EMAILS from Broker

One solution => Contact Customer Care

Remember you're paying them, you should approach them as many times as needed without a second thought. After a fews times you won't need them and will become AtmaNirbhar
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BIG NEWS FOR CG POWER

CO ENTERS INTO SEMICONDUCTOR BUSINESS

CG POWER: CO APPLIES FOR APPROVAL TO ESTABLISH SEMICONDUCTOR ASSEMBLY AND TEST FACILITY IN INDIA, SEEKS SUBSIDY FROM MEITY

#BigBreaking
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SONATA SOFTWARE
CMP 1280

For quick trades 20-50 pts
(Only Risk Lovers)

SL (own)
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Bharti Airtel starts process for IPO of subsidiary Bharti Hexacom & expecting a valuation of around ₹20,000 crore.

Sources
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Yee joo Tata tech. Ipo say related jitne question aa rahe hai. Kab milega, kab list hoga, nhi mila to refund kab hoga, GMP kya hai, Konsi application say kaise apply karna hai, Authorize kaise karte hai.

Sabke mobile me Google & YouTube hai thoda udhar bhi ghoom kar aa jao. Ghoomna bhi hoo jayega thode pair bhi khul jayange , khana bhi hajam hoo jayega. Aur jankari bhi mil jayegi.
Admins ko jeena doo thoda 😬
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#DoYouKnow

43 IPO in 2023
54% Either Goes Below/Close to Issue Price

38 IPO in 2022
90% Either Goes Below/Close to Issue Price

66 IPO in 2021
82% Either Goes Below/Close to Issue Price

Few Mega IPOs Goes Below/Close to Issue Price

LIC
Paytm
Coal India
Reliance Power
GIC Re
SBI Cards
Zomato

Mega Subscribed IPOs Goes Below/Close to Issue Price

Salasar Tech 273x
Apollo Micro 249x
Astron Paper 242x
Tega Ind 219x
Mrs Bector 198x
Capacite Infra 183x

फिर जल्दी किस बात की
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Don't buy Suzlon form Short term..

If. You have good techincal Analysis then you can go..

From SHARIAH No short term call for Suzlon...
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TCS Buyback - Today is last Day to Purchase Shares to Participate in Buyback.

Conclusion: lena nhi hai isko 👍
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CIPLA:
CO CONFIRMS THAT WE DO NOT SEE MATERIAL RISK TO EXISTING COMMERCIAL PRODUCT PORTFOLIO FROM FDA WARNING LETTER

CO IN PROCESS OF EXECUTING DE-RISKING PLAN FOR NEW PRODUCTS, SIMULTANEOUSLY ADDRESSING OBSERVATIONS EXPEDITIOUSLY

CO SAYS IN PROCESS OF SUBMITTING REQUISITE RESPONSE TO WARNING LETTER WITHIN TIMELINES, WILL WORK CLOSELY WITH FDA TO ADDRESS CONCERNS

CO SAYS REMAIN COMMITTED TO BE COMPLIANT WITH CGMP QUALITY STANDARDS
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IPO
Flair
Shariah
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IPO close today
Jinhone apply nhi kiya jaldi se krlen👆👆
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I don't know about the listing price ... but GMPs are hitting new highs. Check:

Tata Technologies : 402 (IPO Price 500)

IREDA: 11.5 (IPO Price 32)

Gandhar: 78 (IPO Price 169)

Flair: 83 (IPO Price 304)

(Source: Various Brokers and Social Media)

Just Pray For Allotment
🤲
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ALL RECORDS BROKEN .....

Tata Technologies IPO Subscription crosses Rs. One Lakh Crore (Rs. 1,00,000 Crore).
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بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيم

Intra-Day Trading whether it is permissible or not ?

By Definition Intra-Day trading means buying and selling of the shares on the same day.

This is a bookish definition now let's see what happens when we choose Intra-Day on our brokers applications.

When we choose Intra-Day on our brokers application two things happen-
1) Margin
2) Auto square off at the end of the day.

Now let's discuss these things, start with the margin, brokers provide margins to earn interest on that and to earn more brokerage fees.

Now let's enlighten the auto square off, if you don't sell the shares on the same day brokers will sell your shares without your consent before 3:30.

Now, what Islamic Scholars tell us about this, again start with the margin, as I already wrote broker provides margin to earn interest and Islam prohibits interest. So, if you trade with the amount on which you are paying interest this will not be permissible. This is one of the reasons that Intra-Day is not permissible.

But here someone can argue that if brokers provides interest free margin then,.......

So, the answer is still Intra-Day will not permissible, because Abhi hamne dusri condition to discuss hi nahi ki.....

Second condition which is auto square off, as I already wrote your broker will sell your shares without your consent it means shares was not in your possession, so you couldn't sell anything which is not in your possession. This is the second and more important reason that why Intra-Day is not permissible.

As far as the webinar and article of Islamicly, they allow day trading only if you are not taking any margin and the condition of auto square off must not be there.

Allah Knows Best.

Regards
Shariah compliant share market group
جزاك اللهُ خيراً

Q: If we purchase shares on delivery, is it permissible to sell that on the same day ?

A: Before answering this question lets understand two concepts-
1) Physical Possession

2) Constructive Possession

Physical possession simply when you actually hold the shares, it means when the shares get credited to your Demat account.

Constructive possession refers to when you have control over the item without having them in physical possession. (Trading Day, T+1)


The answer to the above question is, Majority of Islamic scholars have the point that the selling of shares is only permissible when they are credited to your Demat account. It means you got the constructive as well as physical  possession of the shares.

The second thing, there are very less number of Islamic finance experts who believe that we can sell the shares anytime if we have purchased them on delivery, and according to them, only constructive possession is enough, and physical possession is not mandatory.

One more thing I want to clarify that just think about it what is a share? and what is the real concept behind this? So the answer is that a Share is simply the smallest unit of ownership in the company and we purchase shares to become owners of the part in the company.

Now if you are the owner of the company it means if the company earns profits you must have a part in that profits and at the same time if the company makes any losses you must have a part in it.

So just think if a company distributes dividends on some date for example today what do you think will you get the dividend if you purchase the shares today or even yesterday, the answer is no. company provides dividends only to those shareholders that have the shares in their Demat account, it means companies consider owners only those people who have the shares in their Demat account. Islamic scholars consider this as a transfer of risk and it happens only when shares credit to the Demat account.

I hope this will clear your doubt regarding day trading.

It would be better for us to sell the shares only when they are credited to our Demat account.

These are the reasons that we should not promote day trading my respected brothers and members.

Allah Knows Best.
@AbdulMoizz
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