Mr. Gaffney provided each bank and fund with a legal memorandum entitled Civil Liability and Criminal Exposure for U.S. Financial Institutions and Businesses engaged in Shariah-Compliant Finance .
Therefore, by way of example and for purposes of the analysis, this memorandum assumes that after a good faith investigation, the lawyer advising the financial institution desiring to enter the lucrative SCF industry will determine that there is a reasonable basis to conclude that a consensus exists among Shariah authorities on the fundamental purpose and methodologies of Shariah: The purpose is submission.