Sharia Audit

A Sharia audit is a review process that assesses whether a financial institution or business complies with Islamic law (Sharia). It examines products, services, and operations to ensure they adhere to principles like avoiding interest (riba), fraud, and investments in forbidden activities. The audit involves analyzing documentation, transactions, and policies to verify alignment with Islamic ethical standards. This process helps maintain trust with Muslim customers and ensures the institution's practices are ethically and religiously appropriate, fostering transparency, accountability, and Sharia compliance in financial dealings.