Some Issues in Shariah Compliance and Regulation of Islamic Funds

The number of players in the Islamic funds industry has already crossed three-digit mark with a variety of funds appearing on the scene, such as, equity funds, lease or ijara funds, real estate funds, commodity funds and the like. Of these, equity funds seem to have caught the fancy of the Muslim investor. This presentation mostly focuses on the criteria for Shariah acceptability of assets for inclusion in such equity funds. © Author