Salam
I read in the IFG article (link below) that for an investment to be sharia compliant, the “capital planning of the company must have been executed already; meaning the assets are existent and business processes are ongoing.”
Maybe I’m misunderstanding this, hence the question, but that sounds like you can’t invest in a startup.
i.e. you are putting money in, the business is starting up, it’s just cash in there.
That can’t be right…please can you help me understand.
And how this might apply to stock investments also.
jk