A financial instrument formulated in accordance with the principles of the present invention comprises a traditional, rated, investment grade security in compliance with Shari'ah investment guidelines and Islamic law. This financial instrument can include an investment vehicle which is compatible and consistent with the operating morays and norms of the Western capital markets while complying with Shari'ah investment guidelines. The investment vehicle effectuates a passive or semi-passive investment by an individual or institution that observes Islamic law in the establishment of its investment criteria and the implementation of its investment practices. Further, the investment vehicle qualifies as a consistently formatted investment-grade, ratable security within a capital markets environment.
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