Shariah

SHARIAH SCREENING

Leading Shariah Scholars and most of the Islamic fund managers, bankers and researchers have agreed to base their research and screening process on Dow Jones Islamic Market Index ®. This Index is by far the most accepted in the world and is based on Fatwas issued by the following leading Islamic scholars:

î Shaykh Dr. Abdul Sattar Abu Ghuddah

î Shaykh Justice Muhammad Taqi Usmani

î Shaykh Nizam Yaquby

î Shaykh Dr. Mohamed A. Elgari

î Shaykh Yusuf Talal DeLorenzo

Any company that is currently part of Salic Super list of approved companies will be removed from our list if it fails to meet the Shariah Principles at any time in the future.

Criteria One	Alcohol	Yes	Ü	x
Company	No. Þ
Activities	Pork	Yes	Ü	x
	No. Þ
	Gambling	Yes	Ü	x
	No. Þ
	Hotels	Yes	Ü	x
	No. Þ
	Weapons	Yes	Ü	x
	No. Þ
	Tobacco	Yes	Ü	x
	No. Þ
	Financial	Yes	Ü	x
	No. Þ
	Other	Yes	Ü	x
	Impermissible
	Activities
	No. Þ
Criteria Two	Debt	Yes	Ü	x
Less than 33% Debt Ratio	No. Þ
Criteria Three	Interest Income	Yes	Ü	x
Interest income less than 5%	No. Þ
Criteria Four	Receivables	Yes	Ü	x
Receivables less than 47%	No Þ
of company's income	No Þ
Criteria Five	Cash	Yes	Ü	x
Pure Cash Asset	No. Þ
Result of	Compliant	Non-Complaint
Screening	Assets	Assets