As-Salama
Shariah Finance Board
The As-Salama Shariah Finance Board oversees compliance with shariah of all activities undertaken within the ecosystem, including of the financial products offered by and investment activities conducted within As-Salama.
Aims and Objectives
1. To play a consultative role in the As-Salama ecosystem in relation to all shariah matters.
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2. To provide general advice to As-Salama regarding compliance to shariah of all activities undertaken within the As-Salama ecosystem.
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3. To provide specific advice to As-Salama regarding compliance to the fundamental principles of Islamic finance, of the financial products offered by and investment activities conducted within the ecosystem.
Advisory
Remits
1. Review As-Salama’s investment and marketing/promotional strategy, plans and materials to ascertain their compliance to shariah principles.
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2. Review disclosure documents and reports prepared by participants in the ecosystem that are subject to formal regulatory oversight in Australia, to ascertain their compliance to shariah principles.
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3. Advise on potential and actual breaches of shariah principles and purification measures that should be taken in respect of any actual breaches.
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4. Advise on any other matter pertaining to shariah compliance in As-Salama’s activities and offerings.
Our Team
The As-Salama Shariah Finance Board comprises leading experts on matters of Islamic finance.
