Our Commitment
At Shorooq we hold a deep commitment to upholding the highest of standards, to foster balanced, fair, and ethical commercial conduct at all times —integrating them into our daily practices and commercial interactions.
Our Practices
Our commitment to Principles is evident in the way we operate and conduct certain aspects of our business activities:
- Banking Practices: We prioritize Sharia-compliant banking products and accounts where available. In cases where such options are not accessible, we utilize conventional banking strictly for non-interest-bearing current accounts, firmly avoiding accounts or products that generate interest.
- Advisory Support from Boards: We consult with esteemed scholars from reputable financial institutions across the UAE, KSA, Egypt, and Pakistan for guidance on specific contractual provisions or compliance questions. This case-by-case consultation is integral to our commitment to Sharia values.
- Investment Screening: We refrain from investing in businesses whose core activities are fundamentally non-compliant with our principles, such as traditional lending, insurance, or those involving prohibited substances. However, we may consider ventures whose primary activities align with our values, even if they have limited exposure to non-compliant products.
While we may not control future rounds beyond our initial investment, we strive to influence subsequent structures through active board participation and our role as advisors and partners to founders.
As a firm and as individuals, Shorooq remains unwavering in its dedication to building an ethical, principles-first global investment platform. Thank you for your interest in our values and approach. For further inquiries, please do not hesitate to reach out to us.
