The current method used to screen companies for Shari’ah compliance has the potential to misclassify some of the biggest names in the market, according to a new report from Ratings Intelligence.
The current industry status quo is essentially to use an information-based approach, but the report found that such an approach, which has the potential to misclassify some of the biggest names in the international/regional markets, probably is insufficient to maintain the integrity and reputation of the Islamic fund management industry………………………………………..Full Article: Source