National Sharia Council

The National Sharia Council is a regulatory body that oversees and ensures the compliance of Islamic financial institutions and services with Shariah law. It provides guidance, approval, and supervision to ensure that banking, insurance, and other financial practices align with Islamic principles, such as prohibition of interest and ethical standards. Typically, the council consists of Islamic scholars and legal experts who review products and transactions to maintain religious integrity. Its role is vital for Muslim consumers and institutions, fostering trust and confidence in Islamic finance operations within the country.