Banking

Banking

Building Ethical Banking Systems with Sharia Integrity The experts at Sharia Advisory Council assist financial institutions and banks to achieve absolute Sharia compliance standards. Using thorough knowledge of Islamic jurisprudence and modern finance we validate your operations to be compliant with laws and ethics within Islamic banking.

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Product Structuring & Certification Sharia Advisory

Council helps financial institutions obtain certification for Sharia-compliant products which include Murabaha (cost-plus financing), Mudarabah (profit-sharing) and Ijarah (leasing) and Tawarruq.

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Sharia Review & Audit

We carry out complete evaluations and inspection routines of banking operations to verify that each product and procedure follows established Shariah requirements.

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Sharia Governance Framework

We offer assistance to banking institutions for the development of their internal Sharia governance systems which incorporate advisory boards and compliance units and internal control platforms.

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Regulatory & Legal Compliance

The implementation of both domestic regulatory standards as well as international Islamic finance standards from AAOIFI and IFSB receives guidance from our advisory services.

Why Partner with Sharia Advisory Council?