Ansar Financial and Development Corporation (AFDC)
is first Sharia Compliant Interest-free public company in North America that is
listed on a Stock Exchange.
AFDC has a Sharia and Ethics Committee mandated in
its Bylaws that monitors and guide the Board to ensure compliance with Ethical
and Sharia rules in its business activities as well as corporate governance
Ethical rules prohibit AFDC from engaging or
investing in businesses such as; pornography, armaments, gambling and illicit drugs.
In addition, Sharia rules prohibit the
business/investment/dealings in pork products, liquor and wine, interest based
instruments and bonds etc.
Most of the business activities of AFDC have been
and continue to be in real estate development, construction and management
through partnerships, joint ventures and direct ownership of the projects such
as residential, industrial condos and industrial/commercial land development.