Case Study - Islamic Banking and Finance
GULF PHARMACEUTICAL INDUSTRIES P.S.C.
Gulf Pharmaceutical Industries is a public shareholding company the Company" domiciled in Digdaga - Ras Al Khaimah. It was incorporated by the Emiri decree No.5/80 issued by H.H. The Ruler of the Emirate of Ras Al Khaimah and its dependencies on March 30. 1980 and the Emiri decree No.9/80 on May 4, 1980.
The Group comprises Gulf Pharmaceutical Industries (Public Shareholding Company) and its subsidiaries. The Company's ordinary shares are listed on the Abu Dhabi Securities Exchange.
The main activities of the Group are manufacturing and selling of medicines, drugs and various other types of pharmaceutical and medical compounds in addition to cosmetic compounds. The Company commenced its commercial activities effective from November 1984.
After looking at the "GULF PHARMACEUTICAL INDUSTRIES" financial results for the year ended 31 December 2013, "AL-Taqwa" Islamic investment fund manager thinks about buying some stocks of this company from the financial market.
Your group is assigned to write a report that covers the following:
1- Explanation of the AA10F1 mandates, which is applied for selecting Shariah-compliant stocks for Islamic fund investment
2- Analysis of "GULF PHARMACELTITCAL INDUSTRIES Company" financial Report 2013 (attached) based on the AAIOFI Shariah Mandate.
3- Advise to "AL-Taqwa" Islamic investment fund manager whether to purchase of "GULF PHARMACEUTICAL INDUSTRIES Company" stocks or not
4- Table shows if "GULF PHARMACEUTICAL LNDUSTRIES Company" is listed in any of Islamic Indices.