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Philosophy and Fundamentals of Sharī’ah for Islamic Finance
SHA0011

ii. formulating and recommending appropriate Sharī’ah
non-compliance risk management policies and guidelines.

iii. developing and implementing processes for Sharī’ah
non-compliance risk awareness in the IFI.

4. Sharī’ah Research
a. To perform in-depth research and studies on Sharī’ah issues,
including providing day-to-day Sharī’ah advice and consultancy
to relevant parties, including those involved in the product
development process(es).
b. In undertaking such research, advice and input from experts
on technical matters e.g. actuaries, accountants may be
sought in order to ensure comprehensiveness and complete
understanding of the relevant concepts and approaches.

5. Sharī’ah Secretariat

a. The role of the secretariat shall include coordinating meetings,
compiling proposal papers, disseminating Sharī’ah decisions
to relevant stakeholders and engaging with relevant parties
who wish to seek further deliberations of issues from the
Sharī’ah committee.