Lazurde says business activities compliant with Sharia

Logo of Lazurde Company for Jewelry

Lazurde Company for Jewelry said it received today, June 22, the Sharia evaluation report regarding its operations, which was issued by its Sharia advisor Shariyah Review Bureau (SRB), according to a statement to Tadawul.

The report indicates that the company’s business activities in Q1 2023 are compliant with the Sharia standards and guidelines, said Lazurde.

It indicated that SRB was appointed as the Sharia advisor with the goal of studying and examining the business activities, in line with the Sharia guidelines and standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), in addition to other Sharia guidelines and standards mentioned in the report. SRB will also provide the necessary consultation to help Lazurde continue to achieve compliance with the guidelines and standards throughout the period of commissioning.