Emory University School of Law Hosts Wahed

 

Wahed Editors

Georgia, USA, April 11, 2019 –Musa Abdul-Basser, CLO/COO of Wahed Invest, a US-based Shariah-compliant investment platform, was invited to be a guest speaker at Emory University School of Law’s Islamic Banking and Finance class, taught by Dr. Lee Ann Bambach.

In his presentation to the class, which was made up of graduate students and second- and third-year JD students, Mr. Abdul-Basser described his early interest in Islamic finance, and explained how his legal training at Georgetown University School of Law and experience working at top global law firms enabled him to transition into a career in Islamic Finance and his current positions with Wahed and the International Islamic Liquidity Management Corporation (IILM).

Mr. Abdul-Basser also talked about the role of AAOIFI standards in Islamic Finance, looking specifically at AAOIFI’s Sharia Standard #21 and how the sector and financial screenings are used to ensure that corporate stocks are sharia-compliant prior to any investment. He then gave examples to the students of how screening criteria and methodologies differ among rating agencies and the standards to which Wahed holds itself.

Students were extremely engaged and asked Mr. Abdul-Basser many questions, ranging from how western-trained attorneys work and interact with sharia scholars, to more philosophical points regarding the ultimate goals of Islamic finance, and a lively discussion took place that extended well after the class period ended.

While the class, which is in its second year of being offered at Emory Law, has previously had a number of distinguished Islamic finance practitioners speak with the class via videoconference from London and Dubai, Mr. Abdul-Basser marks the first guest speaker to appear in person and to discuss the growing market for sharia-compliant financial products and services in the United States.

After speaking with the class, Mr. Abdul-Basser had the opportunity to visit Emory Law’s Center for the Study of Law and Religion, which for the past 35 years has been a global leader in scholarship, teaching, and public education on the interaction of law and religion around the world.

 

Disclaimer

Leave a comment

Your email address will not be published. Required fields are marked *

Interested in investing with Wahed?

Open your account in minutes

Get Started