Shariah boards

Shariah boards are specialized committees composed of Islamic scholars and experts who evaluate financial products and business practices to ensure they comply with Islamic law (Shariah). Their role is to review transactions, contracts, and products like banking or insurance services to ensure they avoid forbidden elements such as interest (riba), excessive uncertainty (gharar), and unethical investments. These boards provide guidance and certify that financial offerings align with Islamic principles, enabling Muslim consumers and institutions to engage in financial activities confidently while adhering to their faith.