Built for
the whole fund.
Alignment starts before the first investment.
A Shariah-aligned fund requires more than a permissible portfolio. Its mandate, governing documents, economics, financing arrangements and investment process must work together.
We advise GPs, LPs and fund platforms on Shariah-aligned structures, investments and governance — from formation and fundraising to portfolio management and exit.
For General Partners
Structure with confidence. We help GPs establish and operate funds that meet both Shariah and commercial requirements.
Our work covers fund terms, management fees, carried interest, capital calls, co-investments, subscription facilities, governance and investment processes.
For Limited Partners
Know what your capital enters. We help institutional, family-office and private investors assess funds before committing capital.
Our review considers the fund structure, mandate, documentation, economics, governance, financing and approach to ongoing Shariah compliance.
What we do for funds.
Fund Formation
Shariah-aligned structures, terms and governing documents.
LP Fund Review
Independent assessment before an investor commits capital.
Investment Due Diligence
Review of businesses, revenues, financing and activities.
Deal Structuring
Commercially workable investment and financing arrangements.
Fund Governance
Clear oversight, policies and decision-making responsibilities.
Portfolio Monitoring
Continuing review as companies and investments evolve.
Exits & Distributions
Guidance on disposals, returns and purification.
What comes up in fund management.
- Screening thresholds.Measured against market cap or total assets? The choice moves the universe, and it has to be disclosed.
- Purification.Calculating incidental non-compliant income, and evidencing that it actually left the fund.
- Breach handling.A holding that crosses a threshold mid-quarter. The window to exit and the treatment of gains have to be set in advance.
- Cash drag.Uninvested cash is where an otherwise clean fund most often picks up interest.
We publish the standard.
All insights →
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