SCAP Shariah (Regs)

Shariah Capital, Inc
26 February 2008

                            26 February 2008

Shaykh Yusuf Talal DeLorenzo Named to Shariah Board of AAOIFI

Shariah Capital, Inc. announced today that its Chief Shariah Officer and member
of its Board of Directors, Shaykh Yusuf Talal DeLorenzo, has been appointed to
the Shariah Board of the Accounting and Auditing Organization of Islamic
Financial Institutions (AAOIFI).

Headquartered in Bahrain, AAOIFI (www.aaoifi.com ) is an autonomous, non-profit
organization responsible for developing accounting, auditing, ethical,
governance and Shari'ah standards for the international Islamic banking and
finance communities. Working with members and regulators, AAOIFI has become the
authority for determining Shariah standards for the Islamic finance industry.
Currently, AAOIFI is supported by over 160 institutional members from more than
40 countries. Since 1991, it has issued over 70 directives concerning Shariah.

AAOIFI also commissions research and consults with experts in the fields of
banking, insurance, economics, law, and asset management. In recent years, it
has begun contributing to the professional development of the industry by
offering specialized programs designed to equip candidates with requisite
technical understanding and professional skills. These include CSAA (Certified
Shariah Advisor and Auditor) and CIPA (Certified Islamic Professional
Accountant) programs.

AAOIFI Shariah Board members are appointed by its Board of Trustees for a
four-year term. They are drawn from scholars who are members of the Shari'ah
supervisory boards of Islamic financial institutions and who have established
themselves, through their work, as the most widely experienced in their field.

Commenting on his appointment, Shaykh Yusuf said, "It is, indeed, a great honor
to join my scholar colleagues in this distinguished organization. At a time when
Islamic finance is beginning to exhibit signs of even more accelerated growth,
the importance of standards cannot be underestimated; and I look forward to the
challenges of the coming years as increasingly sophisticated products and
processes are introduced. As an executive of a member company, I am particularly
happy to record the support of Shariah Capital, Inc. for AAOIFI and the
important activities it sponsors and directs."


About Shariah Capital

Shariah Capital (www.shariahcap.com) creates and customizes Shariah compliant
financial products and provides Shariah compliant consulting and advisory
services to financial institutions and investment firms with product platforms
directed to Islamic investors.

Shariah Capital is traded on the Alternative Investment Market (AIM) of the
London Stock Exchange under the symbol SCAP and is registered and licensed with
the Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates.
Shariah Capital is headquartered in the United States and operates an office in
Dubai.

All statements, other than statements of historical fact, contained in this
document constitute "forward looking statements". In some cases forward looking
statements can be identified by terms such as "may", "intend", "might", "will",
"should", "could", "would", "believe","anticipate", "expect", "estimate", "
predict", "project", "potential", or the negative of these terms, and similar 
expressions. Such forward-looking statements are based on assumptions and 
estimates and involve risks, uncertainties and other factors which may cause

the actual results, financial condition, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward looking statements. New
factors may emerge from time to time that could cause the Company's business not
to develop as it expects, and it is not possible for the Company to predict all
such factors. Given these uncertainties, prospective investors are cautioned not
to place any undue reliance on such forward looking statements except as
required by law. The company disclaims any obligation to update any such forward
looking statements in this document to reflect future events or developments.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

NRAPUUGWPUPRGRQ

Shariah Capital (LSE:SCAP)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Shariah Capital (LSE:SCAP)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024