Future Care says its share is 100% Shariah-compliant

Future Care operations and financial revenues are in accordance with Islamic Shariah principles

Future Care Trading Co. declared that the company’s stock is 100% Shariah-compliant, noting that its operations and financial revenues are conducted in accordance with Islamic Shariah principles, based on classifications by financial screening bodies and their Shariah committees.

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In a statement to Tadawul, the company addressed recent unofficial reports claiming that its stock is non-compliant with Shariah due to the inclusion of short-term deposits. It clarified that these deposits represent a business returns account, which is an Islamic product offered by an Islamic bank.

The company highlighted that it has no conventional loans or deposits and does not engage in any prohibited transactions. It stated that the claims made in the unofficial reports are incorrect.