National Council for Islamic Finance

The National Council for Islamic Finance is an organization that oversees and promotes financial practices compliant with Islamic law (Shariah). It establishes standards, sets regulations, and provides guidance to ensure Islamic financial institutions operate ethically, avoiding interest (riba) and speculative activities. The council also works to develop Islamic finance products, enhance industry credibility, and facilitate the integration of Islamic finance into the broader financial system, supporting economic growth in accordance with Islamic principles.