Why Shariah Compliance Matters
Many Malaysian businesses operate in sectors where Islamic law governs transactions—Islamic finance, Halal certification, Waqf management, and Sukuk issuance—yet lack clarity on whether their practices genuinely meet substantive Shariah requirements.
A multinational bank launched a Sukuk product without verifying whether its underlying asset structure satisfied Shariah scholars' interpretations of Riba prohibition. Regulatory approval alone proved insufficient when independent Shariah audits exposed structural misalignment with Islamic jurisprudence principles.