| My venture capital fund is sharia-compliant, which means we can't invest in gambling, alcohol and tobacco. Most importantly, there can be no leverage. The company we invest in cannot have debt on their books, or use debt in any way for expansion.
So we need to go through their operations and check. There are some really exotic financial instruments out there, so sometimes I need to find the right Islamic scholar in Malaysia to make sure it's all right. Compare it to the Jews and their kosher laws: just like there are rabbis with food specialisations, the same is true for Islamic scholars and financial instruments..............................................Full Article: Source
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