Idafa Investments was started in 1993 by Ashraf Abdul-Haq Mohamedy, an entrepreneur and a student of Islamic Economics and Finance. Coming from a strong family background of investors, the choice of a profession in stock broking was natural for him, but he preferred to offer these services following the Shariah based investment philosophy.

Ashraf is of the opinion that Shariah is not the exclusive domain of Muslims, but is for the whole of humankind. Shariah consists of the teachings of the Qur'an and Hadith. Qur'an is Allah's message to humankind and it forms the primary source of instructions to all of us and Hadith or sayings and actions of the Prophet being the secondary source.

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