Malaysia Sees Its First Shariah-Compliant Building Material Trading House, Ipmuda 

Following the implementation of Shariah-compliant procedures, Ipmuda has become Malaysia's first completely Shariah-compliant building materials and solutions trading house.

Why it Matters?

The procedures have been designed to encourage socially responsible and ethical business operations via transparent contractual terms and obligations, removing hidden caveats or circumstances, notably in terms of fees or charges. Jeffri M Yusup, Chief Executive Officer at Ipmuda, said that among other things, these procedures help in eliminating uncompetitive bargaining practices.

Details

The procedures, according to the company, apply to all its building material products and services under its trading arm, including tiles, iron...