Amanie provides efficient and cost-effective Shariah supervisory and monitoring services to ensure continuous adherence of Islamic financial products and/or entity operations according to internationally accepted Shariah principles and standards. Continuous compliance to Shariah principles will help to boost investors’ confidence as well as to comply with regulatory requirements.

The Amanie Shariah supervisory and monitoring services cover provision of advice and opinions pertaining to Shariah issues in the day to day operational aspects of the product or entity. Our panel of Shariah scholars lends its credibility to any Islamic financial entity or any Islamic financial product.

The service spans over monthly or quarterly review of product implementation processes, investment transactions, Islamic business operations as well as cash management procedures, among others. We identify gaps, issues or non-compliance to Shariah principles and strive to offer the most suitable and constructive Shariah solutions for client’s consideration and evaluation.

In addition to the continuous Shariah supervisory and monitoring services, we undertake annual Shariah review exercise for the purpose of issuing annual certification on Shariah compliance either at product level or entity level, in line with industry best practices. This annual Shariah certification, which will be issued by the Amanie International Shariah Supervisory Board, where relevant, is an attestation to the client’s commitment to assure investors and stakeholders of the client’s due diligence on Shariah compliance.