Table I.

PARS ratings distribution of points

Broad groupingPoints
(%)
Sub-sections explanation
Portfolio
construction
34Deposits (Points = 08): Sharīʿah compliance of deposit management; use of hibah; issuance of qarḍ ḥasan
Financing and investments (Points = 26): Sharīʿah compliance in financial products; selling modes including debt-based financial products; participatory financing modes and investments in marketable securities
Access to
finance
18Serving less-privileged segments (individuals and rural areas) (Points = 10)
Sector screenings based on Sharīʿah and CSR principles (Points = 08)
Reputation12Customer satisfaction (Points = 07): Par excellence customer service delivery
Disclosures (accounting and others); accounting system (Points = 05)
Sharīʿah governance36Internal control and Sharīʿah audit (Points = 12): Internal control system, standard operating procedures and information system; and audit independence (external audit)
Sharīʿah board (Points = 07): Composition of Sharīʿah board, qualification of board members and independence of board; effectiveness of board
Human resources (Points = 05): Qualification, remuneration, career path, just and merit-based promotions
Product development (Points = 03)
Charitable operations (Points = 06)
Organizational design (Points = 03)

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