Self illusion....all the businesses you are doing/stocks/companies you are invested in benefit from interest income in one way or another....quick question what is the difference btwn profits & interest as defined by islam.

Okay @optimist and thanks..but don't be too quick or rush in answering.....find my deeeper intention please.

Maybe you can add trendline on the charts;

we have a horizontal trend range on the KCB chart;support at 51-53 from July 2014 and last hit on 18/12/2014 (I bought at 52.50 for shorterm play),and resistance at 60-62 failed to be broken 5 times (Aug,sep,oct,nov 2014)

This implies two things;trend range may continue at least twice with possible lower lows after which we will have a very strong trend change ( a breakout above 62 or a breakdown below 51)

** 52*1.15=60 (15% price difference between support and resistance for the shorterm traders)


CFC stanbic shows the same trend range (support at 118-120,resistance at 127)It has been trying to break above the resistance since June,at the same time support has always been tested (we had price closing at 115 and touching 115 on two occassions).Same script a breakdown or breakout will be strong

** 118*1.12=132 (12% price difference between support and resistance for the shorterm traders)

Equity has been seeing lower lows after hitting the high of 63.

The last low was at 48.50,then 46 and now the price is flirting at 47 and will definately go down.

If the price goes lower than 45,we will set a new support at 50 and this will be a classical head and shoulder pattern

# At this correction cycle,bought centum at 56,KCB at 52.50 and trying KPLC at 13

would you call the market inactive at this time? look at the turnover(s) this month.

Can one earn a profit if their company has made a loss?
Can one earn interest if the company they have lent to has made a loss??

@Guru, on a more serious note, I have always wondered if one's looking to comply with Shariah law while investing, banks are obviously overlooked. However, when it comes to other listed firms, how does one go about it? Most companies only quote income received through bank (deposits) interest as "Other income", "Non-trading income" etc etc...this ambiguity in accounting terms can mean anything...only footnotes in annual reports (3 months later) may expose this

For instance, take SCAN anticipated FY 2014...a good percentage of its profits will be drawn from this pool (bank deposits)...so how does one really go about investing in listed firms unless you first verify their secondary income streams??

Anybody with a clue as to why kenya re is experiencing wild price seesaws from one day to the next?

Kenya Re the wild swings can give you a heart attack.Whenever it experiences a wild swing there is a huge chunk of shares traded.
Yesterday it traded 4.37mn shares which is equivalent to 0.625% of total issued shares.
Someone is playing manipulative games

Monday Boss. Pole. What did you spot?

Dec 31/12/2013 - NSE20 closes @4926
Dec 24/12/2014 - NSE20 closes @4971

Unbelievable that the index closed @5406 sometime on September 2014. The all time high jumbo turnover this year will close the NSE20 with a flat performance even after scraping out MSC from the index?!? Spooky...!