Shariah Compliant Community Shares

Shariah Compliant Community Shares

New model rules and resources have been created to support communities to run Shariah compliant community share offers.

 

The Connect Fund supported the Community Shares Unit at Cooperative UK who, in partnership with Mufti Faraz Adam at Amanah Advisors, have developed a framework and guidance for Shariah Compliant community share offers.

 

These specific multi-stakeholder Co-operative and Community Benefit Society models make community shares accessible to Muslim communities in the UK.

 

They are looking to work with interested businesses or groups who think the model may align with their mission and finance requirements.

 

The below webinar ran in December 2022 and provides further detail the guidance on the models and underlying principles.

 

Download the full guidance here: Shariah Compliant Community Shares Guidance.