Shariah Advisory Board

A Shariah Advisory Board is a group of Islamic scholars and experts who provide guidance on ensuring that financial products, services, and operations comply with Islamic law (Shariah). Their role is to review and approve banking practices, investments, and business transactions, making sure they adhere to principles such as the prohibition of interest (riba), avoiding unethical practices, and promoting fairness. This board helps Islamic financial institutions maintain religious integrity and trust among Muslim clients by aligning their activities with Islamic moral and legal standards.