taxes the Islamic Way
The month of March has begun and so has the rush to
invest and save taxes. Post 2008 global recession, saving taxes becomes
more so important. So, we at MG are suggesting two shariah-compliant methods to save taxes at this
financial year end:
1. Invest in this world and save taxes.
2. Invest in hereafter and save taxes.
Invest in this world and save taxes
Idafa Investments has now started offering TAX SAVING INVESTMENTS – the
The unique features of this investment are as follows:
1. Long Term Investment in a Shariah Compliant equity portfolio of shares
2. Tax planning u/s 80C where you get tax rebate
3. Retirement planning, whereby you will receive a regular pension after
To start investing for Tax Savings and Retirement Planning – the Shariah
Way contact: Ashraf Mohamedy (Managing Director), Idafa Investments Pvt.
Ltd. 92, L T Marg, Mumbai 400003, India Phone: +91 22 40535959, Fax: +91
Invest in hereafter and save taxes
Charity Alliance is a registered trust and does relief and welfare work in
India. Donations, Zakat, Sadaqat, Charity and bank interest is accepted by
cheque / online Internet Banking transfers or credit card payments.
Donations to Charity Alliance are eligible for tax deductions as per rules
under Section 80G of the Indian Income-Tax Act. Also this year there has
been a significant reduction in donations though because of the global
recession more people have become jobless not only in big cities but small
villages. This has increased the number of people who need our support.