AMAANAT INVESTMENT
THEIR RECKLESS HARAAM SHENANIGANS
AMAANAT MINORITIES REPRESENTING NUMEROUS SHAREHOLDERS OF THE FAILED COMPANY (AIH), ISSUES THE FOLLOWING STATEMENT:
6th December 2024
URGENT PRESS RELEASE
Dear Shareholder, JUSTICE, TRANSPARENCY, ACCOUNTABILITY
The urgent matter instituted by Zephan Properties has been withdrawn, and all costs associated with the matter will be paid to AIH. We are pleased with this outcome, as it represents a win for shareholders who have been suffering losses since 2020. While we cannot comment on the reasons for this withdrawal, we note that it forms part of a larger legal battle that remains ongoing. Its noteworthy to mention that AIH prioritises spending huge money on legal fees in the face of investors facing abject poverty. We pray that the Almighty protects shareholder’s “Amaanat” from further decay.
Many of our members have written directly to AIH, requesting their investment balances and withdrawals. However, we have been informed that none of these requests have been acknowledged or responded to. We find this conduct deeply frustrating, particularly as many of these members are elderly and lack the financial literacy to navigate such a complex issue. This group includes pensioners, widows, single mothers, heirs to inheritances, and financially distressed individuals. Many of these people have already come to terms with their loss. They have lost their dignity, becoming dependent on the support of family members and handouts, when, in their earlier years, they were financially independent. AIH is causing significant harm to these lives and earning the curses of the marginalised, exploited shareholders daily.
Our members are emotionally charged and no longer want any further excuses from AIH or AM. They have given both AIH and AM an ultimatum to provide a solution by no later than December 10, 2024. Failing that, they will file complaints with all relevant regulatory authorities, of which AIH is fully aware. We are extremely disappointed in every past and present director who has shown no willingness to assist the vulnerable. AM stands in solidarity with its members, particularly the exploited, vulnerable, and marginalised, and will offer its full support to hold those responsible accountable. The dismal failure by AIH to hold all past directors equally accountable demonstrates a sinister betrayal to the minorities.
We welcome any urgent intervention from any person to assist us. This is a public appeal to every member of the Muslim community to call on AIH to do the right thing without any further public embarrassment. Let this not become another Steinhoff, Sharemax, Hullets and VBS. We as Muslims are better than that. The word “Amaanat” has been disrespected and should be removed from as the name.
(End of Statement)
COMMENT
The disdain demonstrated by AIH for the Shariah is disgusting and borders on kufr. It appears that there is no one in their ranks sufficiently equipped with Shar’i knowledge to impress on them that it is HARAAM to force partners to remain partners in a venture against their will.
A partnership ends when partners cancel their partnership. If those in control of the partnership venture insist on maintain the business, they are obliged by the Shariah to pay out those who insist on withdrawing. However, despite them usurping the Haqq of the smaller partners they have hundreds of thousands of rands to waste on legal fees.
This miserable company had painted itself as an Islamic venture, yet it now seeks kuffaar solutions and resolution. The Shariah has no scope for the existence of this company. There is no valid Shar’i reason for the recaltrance of those who are holding on to the miserable company with their jaws. When fear for Allah Ta’ala is lacking, then His Law is frowned on by even those who profess to be Muslims.
Rasulullah (Sallallahu alayhi wasallam) said: “This dunya is carrion.” Now AIH is clinging to a bone from a carrion company, and in the process is usurping the rights of the partners who have declared their abhorrence for being partners of a company which has financially ruined them.
When Allah Ta’ala is deleted from the equation of life, then develop such consequences which ruin the Muslim’s life in this dunya and the Aakhirat. If those in charge can descend from their pedestal of pride/arrogance, the conflict can be amicably resolved. However, it appears that they are simply not interested in submitting to the Shariah of Allah Ta’ala. And, this is a sign of kufr. The Qur’aan Majeed commands:
“O People of Imaan! Obey Allah and obey the Rasool. If you dispute regarding something, then refer it to Allah and the Rasool if indeed you believe in Allah and the Last Day.” (An-Nisaa, Aayat 59)
The command is to refer to the Shariah. All disputes have to be compulsorily resolved in terms of the Shariah. Reluctance to submit to the Shariah is kufr.
There is no viable Shar’i reason for those clinging to the Carrion Bone to deny the Huqooq of the partners who want to be paid out.
4 Jamaadith Thaani 1446 – 6 December 2024