The first session of the Sharia–Legal Council of the Iranian Venture Capital Association was held with the participation of prominent jurists, legal experts in technology, and leaders of the financial and innovation ecosystem. The meeting focused on fostering synergy between Sharia, law, and the needs of the venture capital ecosystem, with a detailed review of the “Jalah” contract. Members emphasized aligning contract practices with Sharia principles and discussed operational challenges, contract templates, and guidelines for modifications. The session concluded that updating contract frameworks with Sharia and legal considerations can enhance the legitimacy, efficiency, and reliability of financing instruments, while further reviews of other contracts and innovation financing tools will continue in future meetings. ...
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