Shariah-compliant securities are securities issued by companies that are not involved in the following core activities :
- Financial services based on riba- Gambling
- Manufacture or sale of non halal products or related products
- Conventional insurance
- Entertainment activities that are non-permissible according to shariah
- Manufacture or sale of tobacco-based products or related products
- Stockbroking or share trading in Shariah non compliant securities
- Other activities deemed non-permissible according to Shariah.
Aa Shariah Committee or Shariah Adviser will be appointed to ensure that the funds operations and investments are in accordance with Shariah requirements.
No comments:
Post a Comment