Islamic Finance Advisory Board is a non-profit, self-regulatory body engaged in the promotion of Islamic Finance in Canada.
The Board comprises of Shariah scholars and Canadian Islamic finance professionals and was formed to facilitate the development of innovative Shariah-compliant financial products in the context of the Canadian marketplace. The Board performs three basic functions.
The Board comprises of Shariah scholars and Canadian Islamic finance professionals and was formed to facilitate the development of innovative Shariah-compliant financial products in the context of the Canadian marketplace. The Board performs three basic functions.
Advisory and Consultancy
Islamic Finance Advisory Board is a non-profit, self-regulatory body engaged in the promotion of Islamic Finance in Canada.
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Education and Awareness
A key function of the Board is to create awareness about Islamic finance in the communities living in Canada.
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Mediation and Arbitration
The Board is ideally positioned to provide mediation and arbitration services to the providers of Shariah-compliant services.
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The Board fulfills the growing need of having an authoritative body overseeing this rapidly expanding industry to ensure consistency, transparency, and to act as a safeguard for consumers wishing to undertake shariah-compliant transactions.