Role of Shariah Advisors
I don’t take no for an answer. I like to find solutions. It is very easy to say no. It is very easy to say haram, full stop. But it is not so easy to say I have another way to make it permissible” Sheikh Nizam Yaquby in Global Leaders of Islamic finance.
The role of shariah scholars involves giving the “halal” stamp to a financial product from the normal savings account to complex products such as derivatives . But what is shariah compliance exactly? How much concessions do shariah scholars make to approve a structure and why do we need such individuals when we already have asatizahs?
All this and more on the eighth episode of More Than Just Money: Shariah Scholars, Gatekeepers of Islamic Finance with Mdm Suhaida Mahpot, CEO of Amanie Advisors! Live with IF@SG!