Opposition to ITV

Mohamed Adam ITV

/ #156 Re: Question of an Investment in ITV

2012-07-30 12:37

#151: Mobin -  There has never been any discussion of the purchase of any shares in ITV. Let me explain in detail.

The ITV does not have any shareholders. ITV is a non-profit company which means that there are no shareholders. The aim of ITV is to promote Islam and the True Beauty of Islam. ITV has made loses for the first 10 years. As I said before if we make a small surplus this month the surplus will be carried over to cover other months if there is a loss in subsequent months.

There has been no discussion of the Jamiat purchasing shares in ITV or anyone else purchasing shares in ITV. There are simply no shares to purchase.