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Financial Institutions seeking to offer Sharia-compliant instruments need look no further than Islamic GDP for a source to fulfill all their structuring needs. Whether interested in a “standardized turn-key” or a “tailor-made personalized” solution, Islamic GDP is a one-stop facility that can provide financial institutions with the platform to access this market. At discretion of the client, Islamic GDP structuring process can include any or all of the following functions: Creation of Sharia structure: Islamic GDP works with its clients to create a Sharia compliant structure which considers both the commercial objectives of the Sharia sensitive investor and the operational requirements andcapabilities of the financial institution. Islamic GDP works with the financial institution to ensure they understand the full operational workings of the solution and the development of internal operations and procedures manuals. Sharia review of legal documents: Islamic GDP reviews all legal documents (articles of association, prospectus, management agreement, etc.) related to the product offering to ensure they are consistent with the proposed structure and are Sharia compliant. Islamic GDP works closely both with its client and its client’s legal advisors to implement any necessary changes to documentation language. Fatwa arrangement: Islamic GDP reviews all legal documents (articles of association, prospectus, management agreement, etc.) related to the product offering to ensure they are consistent with the proposed structure and are Sharia compliant. Islamic GDP works closely both with its client and its client’s legal advisors to implement any necessary changes to documentation language. Sharia monitoring: Islamic GDP provides monitoring on continual basis to ensure ongoing operations of Sharia compliant products and investments to comply with the Islamic investment guidelines. Islamic GDP provides Sharia audit function for its clients in coordination with the relevant Sharia Board. This function is performed on a mutually agreed frequency.
Islamic GDP provides Sharia advisory services which include any or all of the following:
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