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Home > QFINANCE Dictionary > Definition of shariah-compliant

Definition of

shariah-compliant

Finance

in accordance with Islamic law used to describe financial activities and investments that comply with Islamic law, which prohibits the charging of interest and involvement in any enterprise associated with activities or products forbidden by Islamic law

shariah-compliant - Related Articles
  • Managing Shariah-Compliant Portfolios: The Challenges, the Process, and the Opportunities

    Best Practice

    It is still puzzling to understand why something as straightforward as Islamic wealth and asset management has eluded the professional classes to date. At the time of writing, only one single major global money center bank, and paltry few independent asset managers, had constructed credible service offerings for Muslim clients who wish to enjoy shariah-compliant investing along with professional investment management
    By John Sandwick

  • An Overview of Shariah-Compliant Funds

    Checklists

    This checklist looks at leasing, equity, development, and commodity funds that are compliant with shariah law, outlining what they are and how they operate.

  • Possibilities for Shariah-Compliant Derivatives

    Checklists

    Given that shariah stipulates the need for a wide public interest in financial dealings, compatible instruments that help to reduce uncertainty and risk are compliant with the Islamic principle of maslahah (public interest). However, some Islamic scholars take the view that as one party seeks to lower

  • Barry Cosgrave

    Biographies

    and documentation of shariah-compliant derivatives products for clients in the Middle East and South East Asia, and has spent time on secondment assisting the Islamic finance team at a large international financial institution that has offices in the Middle East.

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Definitions of ’shariah-compliant’ and meaning of ’shariah-compliant’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’shariah-compliant’ and other financial terms with our online QFINANCE Financial Dictionary.

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