The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 04, 2011
Filed:
Apr. 01, 2005
Nadim M Barakat, New York, NY (US);
David M Russell, Cooperstown, NY (US);
Edward Nadel, New York, NY (US);
John Opar, New York, NY (US);
Nizam M. S. Yaguby, Manama, BH;
Nadim M Barakat, New York, NY (US);
David M Russell, Cooperstown, NY (US);
Edward Nadel, New York, NY (US);
John Opar, New York, NY (US);
Nizam M. S. Yaguby, Manama, BH;
Credit Suisse Securities (USA) LLC, New York, NY (US);
Abstract
Methods and systems are provided whereby an Islamic investor () transfers a commodity to a corporate investor () in exchange for a contract to repay the value of the commodity plus a target rate of return in accordance with and agreed-upon schedule (). The corporate investor in turn converts the commodity to a liquid asset for investment in an investment fund (). The returns from the investment fund are used to satisfy the contract with the Islamic investor (). The investment is thus made in accordance with Shari'ah law.