Sat12202014

Last update04:37:07 AM

Trying to make the connection

Rhetoric against Islamic finance is driven by a misunderstanding about how it works.  IdealRatings, a San Francisco-based company, is trying to bridge this gap and recently released free Shari’ah screening reports on many well known companies showing the criteria used to determine whether a stock is Shari’ah-compliant.

This was done as a ‘teaser’ in advance of the planned launch of its website that will offer a proprietary online Shari’ah screening tool. One can hope that more understanding of Islamic finance, and the similarities between it and socially responsible investing, can help to quiet some of the malcontents.