Compliant on two sides at once, and in substance, not only in form.
The question it answers
You have a structure, and a board has called it Shari’a-compliant.
The question is whether it is compliant in substance, not only in form, and whether the same structure also holds under the securities or insurance law that governs it.
A certificate satisfies one authority. It does not answer the other.
How Hoot approaches it
Representative matters
The partners who work here
Your matter may cross more than one field. Tell us where it sits.