Moulana Shoayb Joosub launches Financial Shariah Advisory

Financial Shariah Advisory is an online data service provider specializing in best practice solutions to the wide variety of Islamic businesses.

Moulana Shoayb Joosub, today officially announces the launch of Financial Shariah Advisory. Financial Shariah Advisory will provide the Shariah Screening of all listed companies on the Johannesburg Stock Exchange, the yellow pages for Islamic Financial Institutions, integrated Educational Programmes, Shariah enforceable agreements and Shariah Indices to the visitors accessing its website.

Students, investors, traders and corporates are given holistic choices to achieve their desired objectives. Financial Shariah Advisory was established to meet the practical needs of all segments of the Muslim Market. The products and services, marks the dawn of a new era globally. In addition, organizations are invited to develop such value added products and services to enable the Muslim Financial Industry to grow from its infancy phase.

Shariah Indices are linked to the value of gold and silver. The Shariah Indices are weekly updated based on the price and exchange rate fluctuations. Financial Shariah Advisory prides itself in daily updating the Shariah status of the listed companies according to the international best practice principles. More than 100 listed companies have met the Shariah criterion and are classified as Shariah approved.

Anwah Nagia, the chairman of Element, said that Joosub’s idea was “quite novel. People might want to buy single stocks based on that.”

After achieving the experience in the Islamic Financial Market, the Islamic principles are taught through integrated educational programmes. There is a strong market demand of the products and services.

Access to the Zakaah calculator, Inheritance calculator, Islamic financial directory, and Shariah enforceable agreements are absolutely free.