Islamic Finance Certificate

An Islamic finance certificate is documentation confirming that a financing arrangement complies with Shariah principles, issued by the bank's Shariah advisory board, required for Islamic mortgage products.


Certificate ContentsInformation
Fatwa referenceShariah ruling basis
Product structureMurabaha, Ijara, or Musharaka
Advisory boardScholars who reviewed
Compliance confirmationStatement of adherence
Issue dateCertification timestamp
Shariah Principles VerifiedRequirements
No riba (interest)Profit-sharing or rental structures
Asset backingReal property transaction
No ghararUncertainty elimination
No haram activitiesProhibited business exclusion
Investor RelevanceSignificance
Religious complianceMeets faith requirements
Structural differenceUnderstanding obligations
Tax treatmentMay differ from conventional
PortabilityRefinancing within Islamic system

Related Terms

Ijara (Islamic Lease-to-Own)Islamic MurabahaIslamic Finance Certificate Islamic FinanceShariah-Compliant Loan

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