Sharia boards

Sharia boards are groups of Islamic scholars and experts who evaluate and oversee financial and business practices to ensure they comply with Islamic law (Sharia). Their role is to review contracts, products, and operations—especially in Islamic finance—to confirm they avoid prohibited elements like interest (riba) and unethical practices. These boards provide guidance, approve products, and help institutions maintain religious and ethical integrity, fostering trust among Muslim clients and investors. Their oversight ensures that financial services align with Islamic principles while enabling compliant economic participation.