Shariah Capital is a U.S.-based company that specializes in Shariah, emerging market, and cross-border business opportunities. At the parent level Shariah Capital creates and customizes Shariah compliant financial products and platforms and provides highly selective Shariah advisory services primarily to global financial institutions, sovereign wealth funds, and Shariah focused investment firms with product initiatives directed to Islamic investors.
In April 2013 Shariah Capital, in collaboration with Jonathan Gafni, created a wholly owned subsidiary Compass Point Analytics. Compass Point Analytics provides proactive solutions for organizations facing the Committee on Foreign Investment in the United States (CFIUS). In September CPA advised on the largest China US M&A transaction of 2013.
In May 2013 Shariah Capital, in collaboration with Mondial (Dubai) and Tatweer Management Consulting, created a Joint Venture in the United Arab Emirates. This joint venture provides Shariah focused Independent Financial Advisors (IFA) services and solutions within the UAE. It believes its IFA centric Islamic Solutions is a first of its kind. In November 2013 the joint venture was granted a commercial registration No. (1384109) under the name of Mahal Thqa Financial Advisors, LLC (THQA) by the Department of Economic Development (of Dubai). Final approval by the Securities & Commodities Authority of the United Arab Emirates for its Financial Advisors and Financial Analysis License is pending.
The company is well known for its pioneering efforts in Shariah compliant hedge funds. It developed a proprietary software engine for screening stocks electronically, devised a Shariah compliant, arboon-based short sale methodology, and modified prime brokerage documentation that led to the first Shariah compliant hedge fund and fund of hedge funds. Shariah Capital was awarded the prestigious Master of Islamic Funds Award in 2007 in the "Best Innovation/New in Islamic Funds" category and named "Best U.S. Islamic Financial Services Firm" in 2008 by Global Finance magazine. In 2011, World Finance magazine named Shariah Capital "Best Shariah Compliant Hedge Fund Service Provider."