Pegasus Agriculture announced that their investors have now ensured that all of their contracts, literature and associated processes have been reviewed by the Shariah Supervisory Board. "We are proud to be able to say that we adhere to these important Islamic principles, especially now in this time for the Holy month of Ramadan", said Mr. Mahmood Almas, Chairman of Pegasus Agriculture.
The company said that the Shariah law is derived from the teachings of both the Holy Quran and the Hadith. It is often applied and used to aid in the governance of many regions throughout the Middle East, and can play a role in a variety of areas, including both civil and commercial law. In the commercial realm, shariah law forms three principles that differentiate Islamic finances from the rest of the world. The principles govern the prohibition of interest, the sharing of profits and losses, and a prohibition against uncertainty and excessive speculation. According to PWC, less than 1% of global financial assets are currently shariah compliant.
Pegasus has offices in London, Portugal, Dubai, Hong Kong and Singapore. With their partners Gardinia Hydroponic Farming, Pegasus Agriculture currently grows hydroponic greens in Oman. This farm has been in operation since 2013, another project in the U.A.E. is ready for development. The group also has plans for investments in Malaysia, Singapore, Kuwait, Turkey and Qatar.
For more information: www.pegasusagriculturegroup.com