Before a product carries the word “Islamic”, someone has to check that its contracts, cash flows and fees actually follow Shariah. We review the product end to end and give you a written opinion stating the standards it relies on.
Shariah Advisory and Review
Independent Shariah review of financial products, with a documented opinion you can show customers and regulators.
Who it's for
- Banks opening an Islamic window
- Microfinance institutions
- Fintechs and payment providers
- Takaful and investment providers
Problems it solves
- We want to launch an Islamic product and need it reviewed first
- Customers are asking whether our product is really halal
- We need an independent opinion, not one from our own staff
What's included
- Review of contracts, term sheets and product flows
- Compliance report with findings and required changes
- Written Shariah opinion citing the standards used
- Periodic compliance review on request
How it works
- Free discovery call
- We receive and review the product documents
- Findings meeting and required changes
- Final written opinion
Deliverables
- Product Shariah review
- Compliance report
- Shariah opinion
Frequently asked
Which standards do you follow?
Principally the AAOIFI Shariah Standards. Every opinion states which standards it relies on.
Is your opinion a fatwa?
It is a documented professional Shariah opinion on a specific product, not a general fatwa.
Not sure where to start?
Book a free 30-minute call. Tell us what you are working on and we will say plainly whether and how we can help.
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