Sharia advisor

A Shariah advisor is a person or institution, deemed acceptable in Islamic financial services industry (or the Muslim community at large) to advise on Islamic legal and wider Shariah matters related with structuring of Islamic financial products. A Shariah advisor can be an independent individual, a group of individuals, or an institution with adequate human and technical resources to advise on legal and Shariah matters in the context of financial product structuring. An example of an individual Shariah advisor is Sheikh Nizam Yaqubi, a Bahraini national, who advises scores of institutions around the globe. Individual Shariah advisors are of two types: (1) those trained in the classical Islamic legal tradition; and (2) those with contemporary educational background but impressive expertise...