Shariah Advisory Boards

A Shariah Advisory Board is a group of qualified Islamic scholars and experts who provide guidance to financial institutions and businesses on how to comply with Islamic law (Shariah). They review products, services, and practices to ensure they adhere to principles like fairness, prohibition of interest (riba), and ethical conduct. Their role is to evaluate and approve Islamic financial offerings, offering confidence to Muslim customers that the transactions are compliant and ethically sound. Essentially, they act as overseers ensuring that Islamic finance operates within the boundaries set by Islamic teachings.