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  • Islamic Securities

    • OFS-4.3.14

      The following additional information and documents must be provided with the application for the offering of Shari'a compliant securities:

      (a) A copy of Shari'a Pronouncement report that the transaction is in compliance with the principles of Shari'a;
      (b) A copy of the trust deed or other document securing the Shari'a compliant securities together with any trustees agreement;
      (c) A copy of any collateralising instruments and details of underlying assets;
      (d) A copy of the underlying asset valuation report produced by at least two independent valuers; and
      (e) Any other documents made available for inspection.
      January 2014