With the ever-expanding development and use of Sharia-compliant funds across the globe, below is a summary of some of the key issues to consider when establishing a Sharia-compliant fund.
Islamic (or “Sharia-compliant”) investing or financing is based on Islamic principles and jurisprudence (Sharia), which are derived from a number of sources, including, primarily, the Quran. These principles must be kept in mind when trying to determine the Islamic acceptability of proposed financing or investing techniques. Sharia is not a codified system of law and interpretations of the key principles can vary, particularly between the different “schools of thought."
Click here to read the full article.
