The Chancellor Guide to the Legal and Shari'a Aspects of Islamic Finance

Chapter 9 Shari'a Criteria for Investing in Companies with Mixed Activities

The chapter focuses on Shari’a issues in relation to the Sukuk issuance in which the underlying asset/activity/project of the Sukuk is a combination of Shari’a compliant and non-compliant activities. It makes reference to classical jurist views, Securities Commission of Malaysia guidelines, AAOIFI, Dow Jones, FTSE etc in discussing the criteria of mixed activities. In addition, it makes an analytical study of the existing Sukuks.