20 Years of SAC
Shariah or Islamic law is one of the central driving forces that shape the course of Islamic finance development globally.
In developing an industry founded upon Shariah principles, the robust process of collective ijtihad (juristic reasoning) that is built upon careful and thorough deliberations by a balanced group of credible scholars, is key in building trust in the industry.
Among Islamic financial institutions in Malaysia, the SAC serves as the apex body to ascertain Shariah rulings. Since its establishment in 1997, the SAC has been instrumental in harmonising the proliferation of Shariah opinions locally, strengthening public confidence in Islamic finance offerings, and reducing time-to-market and spurring product innovations by Islamic financial institutions