Question: (Islamic finance) briefly answer a. What is the difference between realized and unrealized capital gains for Islamic Equity Funds? Should the purification process for realized
(Islamic finance) briefly answer
a. What is the difference between realized and unrealized capital gains for Islamic Equity Funds? Should the purification process for realized gains be different from that for the unrealized gains? Why or why not?
b,Should fund manager of an Islamic fund purify the income of the fund at the fund level? Or alternately, inform his clients/investors about the extent of impure income during the year and let them purify it at their end? Which of the two options is better and why?
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