The Board of Directors of CMDA has passed the Dhivehi Translation of the Guidelines on Shariáh Compliance Review for Pre-IPO Securities, formulated with advice from the Capital Market Shariáh Advisory Committee.
The objective of these guidelines is to set out criteria used to classify a company as shariáh compliant and to allow the applicant to furnish the relevant information which may not be available in the financial accounts in order to establish compliance of its securities with the principles of shariáh.
