IslamicFinance.de

Vodafone Qatar has completed the process to become a fully Shariah-compliant company. Professor Dr Ali Qaradaghi, commissioned by Vodafone Qatar 's Board of Directors with the responsibility of transforming the company, said Vodafone Qatar successfully refinanced its conventional interest-bearing borrowings with a Shariah-compliant 'wakala' investment agreement in December. A Shariah compliance review was conducted by the Islamic Finance consultant. Vodafone Qatar said all these activities have been performed under the supervision of Prof Qaradaghi, followed by a comments review and the arrangement of Shariah-compliant alternatives when necessary. All non-compliant activities have been discontinued.