Make Yourself. Shariah -Compliant. Why is Shariah-Compliance Important? . Our lifelong objective is to seek the pleasure of Creator ‘Islam’ is a complete ‘way of life’ – What does this Mean? The Muslim Code of Life – stipulated from Quran and Sunnah More than just Ibadah!
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Why is Shariah-Compliance
Three Basic principles of Shariah-Compliance
Basic principles of Shariah-Compliance
Contracts - Four Key Issues
Penalty clauses which require the householder to pay interest charges if they default on payment
Seller not having possession/ ownership of goods or selling something that is not in existence yet – e.g. financial markets such as derivatives and options and short selling
Contracts must be devoid of excessive uncertainty (gharar)
Contracts must not be interlinked so as to form a contract
within a contract
(Islamic Home Purchase Plans)
Islamic Bank Accounts
Investments, Pensions &
Child Trust Funds (CTF)
Car & Equipment Leases
Insurance & Takaful
Guarantees, Warranties &
Key outcomes of this session are to:
Any Questions ?