An Islamic finance product can be deemed as either Shariah compliant or Shariah based. While a Shariah compliant product is one that is regarded as Halal due to its adherence to all Shariah requirements, a Shariah based product is one that goes beyond compliance.
Regardless of the terminology, a few questions arise, should “Shariah-based” and “Shariah-compliant” products be viewed separately? Are the distinctions between them relevant? Is any of the two more important?
Additionally, how crucial is Shariah compliance in the Islamic Finance industry today? And what are the measures that have been incorporated in ensuring end-to-end compliance?
Find all this out soon with Dr. Ahcene Lahsasna and Ethis.