asalam ale kum
i had invested in 1 gold mining company who produce gold.
they give cps(convertible preferred share) share with 1.35$/cps each. if we buy 10000 cps they give us 1 oz of gold as dividend monthly.the gold we can sell or we can keep it,its upto us. this scheme is only till 2015, whenthey will launch as ipo in share market.
the price of cps also increased regurlaly ,from 0.80$ in jan2010 to 1.35$ in feb2012.
website are [b]www.vgmc.com[/b].
plsease go through it and guide us ,regarding the investment is halal or haram.
not only me (working in saudi as doctor) but i know there are many muslim in indonesi, malaysia, singapor, saudi,dubai,etc are also invested in this comapny.
pls help us all with good opinion
may allah shows us true path.
waiting for the reply