Kuwait: IMA holds programme on ‘Investment Opportunities for Expats’

[email protected] (Media Release)
December 27, 2016

Kuwait: Indian Muslim Association- Kuwait, conducted a counselling program on ‘Investment Opportunities for Expats’ recently at Indian Community School, Senior Branch, Salmiya.

The program started with recitation of verses from The Holy Quran by Master Ismail Mohammed Hasan followed by translation.Experts from the field delivered speeches on key topics related to the Program theme, “Investment Opportunities for Expats”.

Mr. Jamal Jaffar commenced his topic on the General Investment with a presentation enunciating two categories of the available general investments; Direct Investment and Indirect Investments. He explained various categories of investments opportunities available in the direct category of investments such as fixed deposits, real estate, stock markets etc.

Whereas indirect investments will include investments real estate funds, stock funds, hire purchase/leasing funds etc. Mr. Jamal Jaffar further highlighted the risk and return award on each category of investments. For e.g. For an investor the investment in fixed deposit with a bank yields a low rate of return vis a vis an equity stock investment with a high yield however the risk is quite high in such categories of the investment. He enunciated that the investor should be careful and adjudge the underlying risk under each category of investment before making any decision.

Mr. Firdaus Alam Khan commenced his topic on “Stock Market Trading for Beginners-Fundamental Analysis” presenting to audience the mode and methodology of an analysis to be performed before any decisions are taken for any stock investment. He emphasized a basic analysis needs to be performed in terms of the industry, the nature of business, senior management, objectives, history, background, etc. before any particular stock is selected for an investment. The most important methodology to adjudge any stock is to review its financial statements which comprise of the director’s report, audit report, balance sheet, income statement, profit and loss and notes to accounts.

Mr. Firdaus Khan stressed to state that should the investor fail to perform the above basic analysis and financial statements review, it might result in to an absolutely improper stock investment and investors should avoid investing based on recommendation, tips, investment for day trading and gambling etc. He ended his speech by enumerating the sources where an investors can obtain the stock information’s and as well as welcome the audience to approach him through his email or phone should any information be required.

Mr. Mohammed Hasan Noor commenced his topic on “Stock Market Trading for Beginners-Technical Analysis” stating the importance of technical scrutiny is quite imperative before any stock investment. He enunciated that though the fundamental analysis as stated by Mr. Firdaus Alam Khan is quite important for any stock selection however technical analysis equally carries the same weightage. It may happen that any of the stock might have strong fundamental however the market price of that particular stock might be overvalued due to significant demand or other factors. This might result in the investor buying a stock at higher market price then its actual value.

Mr. Hasan emphasized that the timing of purchase of any stock needs to be adjudged thoroughly and there are various methods or techniques to adjudge it. He demonstrated some of the techniques through graphs and line charts which enlightened the audience on the relevance of the market trading price of the stocks. He too ended his speech by enumerating the sources where an investors can obtain the information and as well as welcome the audience to approach him through his email or phone should any further clarifications be required.

There was a Question and Answer session at the end of the program where in all the 3 speakers took time to answer all the queries and made sure audience went home with all their concerns addressed. Mr. Yusuf Chorghay convened the event. Snacks were served at the end of the program.

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Media Release
November 14,2024

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Riyadh: The Jam'iyyatul Falah (JF) Riyadh Unit held its Annual General Body Meeting at Loaloah Istirah in Riyadh on Thursday, October 3, 2024.

The gathering commenced with Master Ayman reciting verses from the Holy Quran, setting a solemn tone for the event. Br. Haneef Bardila warmly welcomed attendees, including JF Life Members, Office Bearers from various organizations, and guests, and extended his congratulations to all present.

During the meeting, Br. Muhammad Ashfaq, President, delivered the Annual Report, highlighting the unit's achievements, while Treasurer Br. Nazeer Ahmed presented the Annual Financial Report.

Br. Ashfaq updated members on the ongoing efforts of Jam'iyyatul Falah in the Dakshina Kannada and Udupi districts for the year 2023-2024. Expressing gratitude for the support of the members and the committee, he encouraged the youth to join JF, emphasizing the importance of continuing the mission initiated by their elders 36 years ago.

The primary guest, Br. Yasin Baig, inspired the audience with a message underscoring the significance of service. He encouraged everyone to heed the Prophet's (pbuh) words: “Take advantage of five before five: your youth before your old age, your health before your illness, your wealth before your poverty, your free time before you become busy, and your life before your death.” He also spoke about the responsibility and blessing of serving the community through Jam'iyyatul Falah, stressing the promise of rewards in both this life and the hereafter.

Following his address, Br. Ashfaq Ahmed (President) formally dissolved the current committee and entrusted Br. Abdul Hameed and Br. Fazlur Rehman with the election process. A new Executive Committee was then formed for the 2024-2025 term, with Br. Salman Noor elected as the President, Br. Abubaker Irfan as General Secretary, and Br. Nazeer Ahmed continuing as Treasurer. Additionally, 26 other members were appointed to the Executive Committee.

The evening concluded with a dinner for all participants, and Br. Haneef congratulated the newly formed JF Riyadh Executive Committee and all attendees for their contribution to the event's success.

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Office Bearers Elected for the 2024-2025 Term

President: Salman Noor

Vice President: Fazlur Rehman

General Secretary: Abubaker Irfan Sheikh

Joint Secretary: Irshad Moideen

Treasurer: Nazeer Ahmed

Joint Treasurer: Akhil Ganjimutt

Auditor: Haneef Bardila

Advisors: Sheikh GK, Abdul Hameed Wenz, Abdul Basheer Beary

NRCC Representatives: Mohammed Ashfaq, Akthar Shaikh

NRCC Rep. at JFCC: Parvez Ali

Sports Coordinators: Shareef Ahmed, Ayaz Ahmed, Mohammed Mahir, Sameen Gurukambla, Mohammed Gazali, Javed Khan

Event Coordinators: Abdul Hameed Nazeer, Sharief Thokur, Sadhik Mohammed

Media Coordinator: Parveez Ahmed

Committee Members: Sadique Moideen, Sayed Sameer, Mohammed Khizer, Mohammed Sarfaraz, Fareed Mohammed, Suhail Ahmed

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News Network
November 18,2024

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Dubai: A 15-year-old Indian expat boy drowned after he was caught by huge waves in the sea off Mamzar Beach in Dubai. 

Ahmed Abdulla Mafaz, a 15-year-old school student in Dubai, died while his sister Fathima, a university student, was rescued, according to their father Mohammed Ashraf. The family hails from Kerala’s Kasaragod.

The grieving father said the incident happened when the Indian expat family went for an outing at the beach park.

Recounting what happened, he said: “We were all sitting on the beach and playing around in the water. I had just gone to the washroom when it [the tragedy] happened.”

He said both Mafaz and Fathima knew how to swim and it was not clear how they were swept away.

“I think there were huge waves and they got pulled by the strong current.”

Fathima’s screams for help were heard by another beachgoer who rushed to rescue her. “He is an Arab national. He rescued our daughter. We have no words to thank him,” the father said.

However, there was no sign of Mafaz, a grade 10 student of New Indian Model School in Dubai.

Meanwhile, the police were called in. Dubai Police said they received a call about two persons drowning.

“As soon as we received the report, the rescue team from the Ports Police Station in Dubai conducted a search,” a spokesperson said. 

However, there was no luck on Friday night. The search operation was intensified with divers and drones on Saturday, following which the boy’s body was fished out on Saturday evening.

The family has decided to lay him to rest in Dubai once the legal procedures are over, said Ibrahim Berike, a member of the volunteering team from Kerala Muslim Cultural Centre (KMCC) that is providing supportfor the paper work.

He said the family is shattered after the devastating tragedy. “They have four children. Fathima, who is doing MBA, is the eldest daughter. Mafaz was the third child. His other two siblings are also boys. Their mother, who was also there on the beach, is inconsolable,” he added.

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