• Shariah Audit Framework Development: Developing a comprehensive framework for Shariah auditing, including methodologies, procedures, and reporting formats tailored to clients' specific needs and regulatory requirements.
  • Shariah Compliance Assessments: Conducting detailed assessments to evaluate the compliance of financial products, services, and operations with Shariah principles and guidelines, identifying any non-compliance issues, and providing recommendations for remedial actions.
  • Shariah Audit Execution: Performing independent audits of clients' financial activities, transactions, and documentation to verify their compliance with Shariah principles and ensuring adherence to relevant regulatory frameworks.
  • Internal Shariah Control Evaluation: Assessing the effectiveness of clients' internal control systems and processes in ensuring Shariah compliance, identifying areas of improvement, and providing recommendations for strengthening control mechanisms.
  • Shariah Compliance Risk Management: Conducting risk assessments specific to Shariah compliance, identifying potential risks, and developing risk mitigation strategies to ensure robust compliance frameworks are in place.
  • Shariah Compliance Monitoring: Establishing monitoring mechanisms to regularly track and review clients' compliance with Shariah principles, conducting periodic reviews, and reporting any deviations or non-compliance to management.
  • Independent Shariah Auditing: Conducting independent Shariah audits for Islamic financial institutions, including Islamic banks, Takaful companies, and Islamic investment funds, to provide assurance on their adherence to Shariah principles.