Shariah Advisory Council

A Shariah Advisory Council is a group of experts in Islamic law (Sharia) that provides guidance to businesses and financial institutions to ensure their operations comply with Islamic principles. This council interprets religious texts and applies these interpretations to modern financial practices, such as banking, investments, and insurance. Their aim is to ensure that products and services offered meet ethical standards set by Islam, avoiding practices considered haram (forbidden), like charging or paying interest. By doing so, they help organizations cater to the needs of Muslim clients while adhering to their religious beliefs.