Transforming a brokerage company into a Sharīʿah-compliant brokerage, and treatment of interest-based debts

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9/2 – Fatwa No. 2/1/2008-1 of the Mawarid Sharīʿah Supervisory Committee Question: Mawarid Finance Company acquired 55% of the shares of Al-JazÄ«rah Brokerage Company. Mawarid Company intends to transform Al-JazÄ«rah’s activities to make them Sharīʿah compliant. Based on this, the...
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