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Shariah Advisory

 

Shariah advisory services of TASIS, in general terms, involve understanding the essence of a financial transaction or scheme and then analyzing whether the route to the desired objective, involves any Shariah repugnant elements such as Interest (Riba) or excessive uncertainty (Gharar). In the event such is the case, then to exercise innovativeness to attempt to reach the same objective without infringing Shariah stipulations or statutory obligations.

Those cases which cannot be rid of Shariah deficiencies will be ruled out as non-compliant and the client shall be offered the choice of modifying his objectives suitably so as to save the essence of the scheme or such aspects of it as do not conflict with the Shariah norms.

Also central to the entire exercise is the attempt to ensure that the resultant scheme is robust in operation and tax efficient.