Sharia Board Books
The Sharia Supervisory Board (SSB) at Faisal Islamic Bank is the essential pillar that ensures all the bank's transactions, products, and activities comply with the rules and objectives of Islamic Sharia. The Fatwa Books issued by the Board serve as the primary reference and documentation vessel for its decisions and rulings, thereby representing a vital record of the practical application of Islamic finance.
The Significance of the Fatwa Books:
Documentation and Transparency: These books document the methodology followed by the Board in examining contemporary issues related to Islamic banking operations. They provide clear and detailed Islamic legal answers to inquiries regarding the contracts and services offered by the bank, which enhances transparency and trust among customers.
Reference for Researchers and Practitioners: Their significance extends beyond the bank; they are considered an invaluable academic reference for researchers, academics, and other Islamic financial institutions. They contain in-depth studies and precise jurisprudential discussions on the latest developments in the Islamic banking industry.
Continuity of Sharia Methodology: These books ensure the continuity of a unified Sharia methodology across the bank's different branches and highlight the Board's efforts in adapting modern financial transactions within the legal frameworks derived from the Holy Quran and the Sunnah (Prophetic Tradition).
This page showcases a selection of the Board's publications, allowing the public and interested parties to examine the profound Sharia underpinning upon which Faisal Islamic Bank's operations are built.
