Frequently Asked Questions
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What does a Shariah advisory firm do?
A Shariah advisory firm offers expert guidance to ensure your financial products, services, and operations comply with Islamic law—covering product structuring, compliance reviews, fatwa issuance, audits, and ongoing supervision.
Who typically needs Shariah advisory services?
Institutions such as Islamic banks, fintech companies, Takaful providers, asset managers, and corporates issuing Sukuk or Islamic funds rely on Shariah advisory to maintain ethical and regulatory compliance.
How is a product certified as Shariah-compliant?
Our team conducts comprehensive reviews, screens underlying contracts and assets, and issues a Shariah compliance certificate once all criteria are met.
What is the role of a Shariah Supervisory Board?
It is an independent panel of jurists in Islamic commercial jurisprudence (fiqh al‑muamalat) mandated to oversee, review, and issue fatwas to ensure the institution’s operations align with Shariah.
Why is AAOIFI important in Shariah compliance?
AAOIFI sets global standards for accounting, governance, and Shariah in Islamic finance. Many institutions align with those standards to ensure transparency and consistency.
What types of contracts are commonly structured under Shariah?
Those include Murabahah (cost-plus sale), Mudarabah (profit-sharing), Musharakah (joint venture), Ijarah (leasing), and Sukuk (Islamic bonds).
How do you ensure innovation aligns with Islamic principles?
Our advisory team brings together expertise from Islamic law, finance, fintech, and corporate strategy to embed compliance in cost-effective, scalable, and market-ready ways.
How often should Shariah compliance be reviewed?
Compliance isn’t a one-time exercise. Markets evolve, regulations change, and new products are introduced. We recommend conducting a Shariah review at least annually — and whenever a new product or contract is launched — to ensure ongoing alignment with both Shariah principles and relevant regulatory requirements.
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