Definition: The word "Ark & Co" comes from the Arabic root "arqam", which means "a vessel filled with water" in Persian, but also can mean "a house or place of refuge". It is a term for a financial advisor in Islamic finance. In Islamic finance, an Ark & Co refers to an investment fund that invests in various assets and properties. The money invested goes into these investments, which are usually held by the client or fiduciary (financial intermediary) who manages the funds on behalf of the investor. These funds are typically managed by a financial advisor or investment manager. In other words, "Ark & Co" is a term used in Islamic finance to refer to an investment fund that is owned and managed by an individual or institution with expertise and experience in managing assets.
You've scored 50% OFF Factor 🤤
Forget the empty fridge stare-down. Factor delivers fresh meals to your door. Just heat & eat!
Click to sign up for FACTOR_ meals.