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The
Shariah Advisory Council is made up of experts from various fields with the goal of ensuring companies applying meet the criteria for Shariah Compliance Approval. The council is most active in China and in Hong Kong with the cited goal of increasing Islamic banking and financial interests. The
190:. In banking, being Shariah compliant means interest is not paid on deposits or charged on loans. Companies that wish to become approved must comply with Islamic laws regarding tobacco, alcohol, pornography, and other restrictions.
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council can be used by interested companies, banks, courts, and arbitration centers to verify compliance with
Shariah. In 2015, it is estimated that trade between China and Arab countries will reach US$ 100 billion.
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compliant Hong Kong companies that wish to transact business with the
Islamic community. This council is one of the first of its kind established in Hong Kong.
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with the support of the
Incorporated Trustees of the Islamic Community Fund of Hong Kong. Its purpose is to help screen and certify as
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http://www.cdeclips.com/en/hongkong/fullstory.html?id=54095
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and tools are available to assist in formatting, such as
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370:Islamic organizations established in 2007
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170:) was established on 3 August 2007, by
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