Exploring the Potential for Shariah-Compliant Community Shares: New Report

A new Shariah Compliance Report for Community Shares has been released by Amanah Advisors on the potential for community share offers in being recognised as Shariah-compliant, as shared by the entity's Founder and Chief Executive Officer (CEO), Mufti Faraz Adam on the 12th of December 2022.

Why it Matters?

The foundation of Islamic finance is Shariah-compliance and Shariah provides rules for business operations and the economy to make sure that all parties are treated fairly, that the transactions are fair, and that no unethical behaviour is being used. The report highlights some of the various factors and Shariah issues that are considered while structuring a Shariah-compliant community shares, including the Shariah Screening of Enterprises, a Review of...