Revenue participation is an acceptable concept under Shariah Islamic law and a fatwa has been obtained so decreeing.
In the case of companies or project managers wishing to access the vast amount of Islamic investor funds, a fatwa, or Shariah advisor issued decree, is necessary to establish that the company or project wishing to issue a revenue participation contract complies with Shariah law.
These companies will agree to remain Shariah compliant and to an annual audit to assure their continued compliance. Non-compliance subsequent to the transaction will constitute a default under the contract. |
