Shariat Finance deals with an ?Interest-free Economic System? that helps to maintain a social equilibrium. It envisages eradication of social imbalance by encouraging lawful transactions. This is a new venture and is the first of its kind in Tamil Nadu. Interest in any form is averse to the Islamic way of life, declare the Holy Quar-an in unequivocal terms:
Seyad Shariat Finance Ltd. Is a non-banking financial company, approved by the Reserve Bank of India as a Leasing company and registered under the Indian Companies Act, 1956. It strictly adheres to the sanctions of the Shariah and ventures to pioneer various schemes to promote industry, to establish business and on Islamic Principles.