Baashir Advisory Group

Independent Shariah Board

Baashir Advisory

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HKEX Listing Support

Shariah compliance auditing and advisory for companies seeking listing on the Hong Kong Stock Exchange.

Prepare for Institutional Islamic Investment

We act as an independent Shariah compliance auditor for companies seeking primary or secondary listings on the Hong Kong Stock Exchange (HKEX). Whether you are a Malaysian or Middle Eastern company listing in Hong Kong, or an Asian company seeking to attract Gulf-based Islamic funds, we ensure your operational structure and prospectus sections meet stringent AAOIFI Shariah standards.

Pre-IPO Shariah Audit
Custom Engagement
Core Capabilities:
Business Activity Screening We audit your core operations to verify that your primary revenue streams do not stem from prohibited (Haram) industries.
Financial Ratio Analysis We conduct rigorous calculations of your debt-to-assets and illiquid-to-liquid asset ratios to ensure they remain below acceptable Shariah thresholds.
Prospectus Review We assist in drafting and reviewing the Shariah-compliance disclosures required for inclusion in your listing prospectus.
Sponsor Collaboration We seamlessly interface with your retained SFC-licensed sponsors, underwriters, and legal counsel to provide specialized Shariah insights.

Regulatory & Licensing Notice: Baashir Advisory Group Limited operates exclusively as a B2B Shariah compliance consultancy and strategic advisory firm.

We are NOT licensed by the Hong Kong Securities and Futures Commission (SFC) to act as a sponsor, underwriter, or corporate finance advisor. We do not deal in securities, solicit investments, or advise on the financial or commercial merits of any listing.

Our HKEX listing support is strictly limited to conducting independent Shariah compliance audits and providing religious advisory on structural alignment with global Islamic finance standards.

Why pursue Shariah compliance before listing?

Expand Your Investor Base

Institutional Islamic funds, sovereign wealth portfolios, and Shariah-compliant ETFs are strictly prohibited from investing in uncertified equities. Compliance unlocks this massive liquidity pool.

Enhance Credibility

Retaining an independent Shariah advisory board adds a layer of rigorous, third-party ethical auditing to your prospectus, demonstrating strong corporate governance.

Prevent Late-Stage Delays

Identifying structural Shariah issues—such as excessive interest-bearing debt—early in the pre-IPO phase prevents costly redrafts and delays closer to your listing date.

Cross-Border Appeal

With HKEX actively encouraging listings from the Middle East and Southeast Asia, Shariah compliance is becoming a critical tool for dual-listings seeking cross-border capital.

How we engage

1

Initial Review

We conduct a high-level assessment of your company's core operations and financial structures.

2

Gap Analysis

We identify any Shariah compliance gaps (e.g., unacceptable debt ratios) and suggest remediation.

3

Documentation

We review the Shariah compliance sections drafted by your legal team for the prospectus.

4

Certification

We issue an official Shariah compliance certificate to support your public offering.

Frequently Asked Questions

Do you act as our listing sponsor or underwriter?
No. You must retain SFC-licensed sponsors and legal counsel to manage your actual HKEX listing. We act solely as a specialized, independent Shariah compliance auditor, working alongside your existing professional teams.
Is Shariah certification mandatory for an HKEX listing?
No, it is not a regulatory requirement of the HKEX. However, it is an absolute requirement if you intend to market your IPO shares to institutional Islamic investors, sovereign wealth funds, or Shariah-compliant mandates.
Can you help with secondary listings from Malaysia or the GCC?
Yes. We specialize in cross-border capital flows. We ensure that the compliance standards expected in your home market (such as the Securities Commission Malaysia or GCC authorities) are accurately translated and maintained during your Hong Kong listing process.

Preparing for an IPO or secondary listing?

Contact our advisory team to discuss securing your Shariah compliance certification.

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