The Shariah Committee of the Securities and Exchange Organization of Iran (SEO) released its view on Endowment of Stock.
. All tangible assets can be placed in endowment (waqf) category.
. If it is stipulated in the endowment contract that whenever the price of the endowment stock decreases or its yield decreases, the trustee can sell and buy better stock with its money and endow the stock, it is permissible.
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