Ethical investment policy
This criterion assesses whether the organization has established and implements a comprehensive policy governing ethical investment of its funds in accordance with Islamic principles. It evaluates the organization's commitment to ensuring that all investments, particularly those of waqf (endowment) assets, avoid prohibited elements while promoting positive social and environmental impact alongside financial returns. Ground policy in Qur’an 4:58 (trusteeship), Qur’an 4:29 (prohibition of unjust consumption), and the preservation of wealth (ḥifẓ al-māl), demanding prudent, transparent, and Shariah-compliant investment. It ensures donor expectations are met per the Code of Fundraising Practice.
- Charities Act 2011 (updated 2022) (Duty of care, Total Return)
- Charities SORP (FRS 102) (Investment disclosures)
- CC14: Charities and investment matters (Investment policy)
- Shari'ah Std. No. 21 — Shares
- Gov. Std. No. 8 — Central Shari'ah Board
- ISO 37000:2021 — Governance of organizations
Discussion (1)
📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json
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