Shariah Consulting

Shariah Board Services

Shariah Assurance (Period Reviews and Audit)

Shariah Advisory​

Shariah Governance Frameworks

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CSF Tayyib offers a wide range of Shariah advisory services to banks and financial institutions (including insurance, re insurance, Takaful,  re-takaful companies, microfinance companies, asset management companies and funds), governments and regulators, corporates, and fintech start ups.

 

It does not matter whether you’re a small, local set up or a multinational financial institution, we can help you ensure your initial Shariah compliance requirements and post execution assurance of Shariah compliance implementation.

Shariah Board Services

  • We provide Shairah Boards to your business by recommending the most suitable Shariah scholars as per your internal and regulatory requirements. Once the Shariah Board is set up for you, we assign a Shariah manager to your company to be your focal point and secretary to the Shariah Board assigned for you. All this at affordable prices and convenience. It is hassle free and brings you peace of mind because we take care of relationship management with scholars and delivers quick and quality results to you.

Shariah Advisory​

  • We advise on how to structure Shariah compliance banking and finance products, services, and deals (bilateral, syndicated, Sukuk etc.).

  • We review you products, services, and deal documentation for Shariah compliance and can guide you to the right legal advisors.

  • We issue Shariah Compliance Certification for products, services, and deals.

  • Conversion to Islamic Operations: shall you plan mergers, acquisition, or converting conventional operations to Islamic (partially or fully), we are the right choice to take your assignment and extend experienced Shariah consultants for providing in house or remote Shariah advice.

Shariah Assurance (Periodic Reviews and Audit)

  • Internal Shariah Review and Audit: we conduct periodic Shariah compliance reviews and audit your operations to fulfill your internal Shariah audit requirements. We can join your internal audit teams to provide them independent Shariah opinion.

  • External Shariah audit: more and more jurisdiction now require external Shairah audit. We can be your external Shariah auditor to ensure compliance with Shariah standards and regulations applicable in your jurisdiction. This includes compliance with the AAOIFI Shariah, governance, and accounting standards.

  • We issue periodic Shariah audit and Compliance certification.

  • We take regulatory assignments to review and audit their licensed entities to asses their Shariah compliance.

Shariah Governance Frameworks

  • We sett up Shariah governance frameworks for regulators to adopt best market practices and ensure its Islamic banking and finance market follow robust Shariah governance framework and its markets remain resilient to Shariah noncompliance risks.

  • We sett up Shariah governance frameworks for banks and financial institutions, insurance and takaful companies, corporates, and fintech platforms.