Shariah Screening Process in Islamic Capital Market
Shariah Screening Process in Islamic Capital Market
Shariah Screening Process in Islamic Capital Market
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Economic/bus<strong>in</strong>ess activities of ICM<br />
The economic/bus<strong>in</strong>ess activities must be <strong>Shariah</strong> compliant<br />
Activities do<br />
not <strong>in</strong>volve <strong>in</strong>;<br />
� Riba- excess or surplus over and<br />
above the loan capital<br />
� Gharar- ambiguity/element of<br />
deception<br />
� Maisir- Gambl<strong>in</strong>g<br />
� Liquor<br />
� Other activities that are not allowed<br />
under <strong>Islamic</strong> pr<strong>in</strong>ciples.<br />
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