CHAM Bank shareholders
CHAM BANK shares have been listed in Damascus Stock Exchange and in response to special request to complete shareholder data records, we kindly ask all CHAM BANK shareholders to fill the special shareholders data form either thru referring to one of the following CHAM BANK branches:
Head Office branch: Damascus - Najmeh Square
Alep branch: Faisal street
Homs branch: Jouret Alshaih – Ibn Khaldoun street
Lattakia branch: 8th Athar street, next to Police Head Quarter
Sehnaya branch: Dara highway start, next to Shamseen bakery
Hama branch: Quowatli street
Dara branch: Joumhouriya street
Mazzeh branch: Mazzeh highway, next to Engineers syndicate
Hariqa branch: Abdul Qader Alhussaini street
Tartous branch: Meena street
Or thru downloading the form thru this link
Which will provide correct and complete data to speed up the listing of CHAM BANK shares in the Damascus Stitch Exchange.
We thank you for your kind cooperation.
Questions on Shares:
Can we finance buying the shares thru postponed Murabaha ?
It is permissible to finance buying shares thru postponed Murabaha after being owned by the Bank if the legitimacy conditions are met for the companies of the bought shares according to standard of buying and financing money bills from the legitimacy standards issued by the Auditing and Accounting Commission for Islamic Banks, and does not apply on shares offered for subscription at the establishment or when these companies offers shares to increase the equity capital.
What is the rule on investing on Islamic Banks although these banks' assets are predominantly cash and debit ?
If part of the bank equity assets is converted to assets, notably (goods and real estates), and benefits (tenements rental), there is no problem on circulation of bank shares by an agreeable price between the seller and the buyer, according to the principal of subsidiarity, and that the selling is focused on assets, and cash and debits are subsidized, the bank may mediate between the seller and the buyer in an identified commission, the bank must avoid transaction based on illegal speculations, risk –taking and phony.