Services

Shariah Audit

A Shariah audit is an impartial examination of whether a financial institution or other organization complies with Islamic law and values, particularly the Shariah. A Shariah audit’s goal is to confirm that the institution’s or organization’s financial products and services adhere to Islamic finance’s norms and principles, such as the ban on interest (riba) and the encouragement of risk-taking. sharing

This may entail checking the documentation and structure of financial products and services, such as: 

  • Islamic Qard-Al-Hasan
  • Islamic insurance (Takaful)
  • Islamic investment funds

to make sure they adhere to the guidelines and the principles of Islamic shariah.

Advisory and Consulting

Offering clients advice and knowledge on creating and implementing financial goods and services that adhere to Islamic law and principles is a part of Islamic finance advisory and consulting services. This might entail assistance with the structuring and documentation of deals involving Islamic finance, giving customers guidance on regulatory compliance, and guiding them through the particular difficulties and opportunities the Islamic finance market presents.

A wide range of clients, including:

  • Financial Institutions
  • Corporations
  • Governments
  • individuals

Can get advisory and consultancy services. These services can be offered in a number of halal financial sectors, including takaful, Islamic fund management, Islamic banking, and sukuk (Islamic bonds).

Research and Development

Research and development (R&D) in Islamic finance refers to actions taken to enhance and broaden awareness of the concepts, goods, and services of Islamic finance. This entails researching both the academic and practical sides of Islamic finance, creating new financial goods and services that adhere to Islamic law and values, and finding and filling any gaps or constraints in the industry.

Various entities that can engage in R&D efforts in Islamic finance includes:

 

  • Academic Institutions
  • Research Centers
  • Financial Institutions
  • Consulting Firms

 To better comprehend the Islamic finance market, create new financial products and services, and enhance current ones, these firms may conduct studies, surveys, and trials.

Education And Training

The process of imparting knowledge and skills about the tenets, methods, and applications of Islamic finance includes training on the practical aspects of Islamic finance, such as the structure and documentation of Islamic finance transactions, as well as educating students, professionals, and the general public about the principles of Islamic finance, such as the prohibition of interest (riba) and the promotion of risk-sharing.

Numerous institutions, including:  

  • Universities
  • Colleges
  • Business Schools
  • Professional Training Facilities

can offer education and training in Islamic finance. These organizations provide degree programs, certificates, and brief courses in Islamic finance that can be taken by professionals and students at all levels

Islamic Finance

A financial system founded on Islamic law (Shariah) and driven by Islamic economics is known as Islamic finance. In addition to encouraging risk-sharing, social fairness, and ethical investing, it forbids the charging of interest (riba).

Islamic finance products and services include: 

  • Islamic Banking
  • Sukuk
  • Takaful
  • Islamic Funds

The global industry for Islamic finance has grown quickly in recent years and is believed to be worth trillions of dollars.

Scroll to Top