Our Advisory Services Include:
- Comprehensive Shariah Compliance Reviews
- Product Structure Analysis and Approval
- Ongoing Compliance Monitoring
- Fatwa Issuance and Documentation
- Shariah Board Establishment and Management
- Regulatory Compliance Advisory
- Due Diligence Services
Comprehensive Shariah Compliance Reviews
We conduct thorough reviews of existing financial products, services, and operational procedures to assess their compliance with Shariah principles. Our review process involves detailed analysis of transaction structures, documentation, and operational processes to identify any elements that may conflict with Islamic jurisprudence. We provide detailed reports with clear recommendations for achieving full Shariah compliance.
Product Structure Analysis and Approval
Before launching any Islamic financial product, it is crucial to ensure that its underlying structure aligns with Shariah principles. Our scholars conduct detailed analysis of product structures, examining the nature of underlying assets, contractual arrangements, risk-sharing mechanisms, and profit distribution methods. We provide formal Shariah approval certificates for products that meet our rigorous standards.
Ongoing Compliance Monitoring
Shariah compliance is not a one-time requirement but an ongoing obligation. We provide continuous monitoring services to ensure that approved products and operations remain compliant throughout their lifecycle. This includes regular reviews of operational procedures, documentation updates, and periodic compliance audits.
Fatwa Issuance/ Documentation
Our qualified Shariah advisors issue formal religious rulings (fatwas) on specific transactions, investments or procedures. Based on our Shariah reference, especially AAOIFI Shariah Standards and the International Islamic Fiqh Academy resolutions.
Shariah Board Establishment and Management
For institutions requiring internal Shariah governance, we assist in establishing Shariah supervisory boards. This includes appointing qualified scholars, developing governance frameworks, and establishing review procedures.
Regulatory Compliance Advisory
We help clients navigate the complex regulatory environment for Islamic finance across different jurisdictions. Our advisory services ensure that Shariah-compliant products also meet all relevant regulatory requirements, facilitating smooth market entry and ongoing operations.
Due Diligence Services
For mergers, acquisitions, or investment transactions involving Islamic finance entities, we provide specialized due diligence services that assess Shariah compliance risks and opportunities. This helps clients make informed decisions and structure transactions appropriately.
