Shariah Supervisory Committee

A Shariah Supervisory Committee is a group of Islamic scholars and experts in Islamic law (Shariah) who oversee and ensure that financial products, services, and operations of a bank or financial institution comply with Islamic principles. They review contracts, investments, and business practices to prevent activities like charging interest or engaging in prohibited transactions. The committee provides guidance, approves products, and monitors ongoing compliance, ensuring that the institution operates ethically and in accordance with Islamic teachings, thereby maintaining trust and faith among Muslim clients seeking Shariah-compliant financial solutions.