Notice: Undefined variable: page_id in /var/www/html/wp-content/plugins/visitors-traffic-real-time-statistics/functions.php on line 1211
Overview of SAC Resolutions – Shariah Advisory Council

Centre for Shariah Reference in Islamic Finance - Pusat Rujukan Shariah Bagi Kewangan Islam



Compliance with Shariah requirements is a prerequisite for ensuring the legitimacy of Islamic financial products and services. Failure to observe the essential conditions of a specific Shariah contract may render the financial transactions entered between an Islamic financial institution and a customer to be invalid. This may lead to adverse impact on the institutions’ safety and soundness.

To ensure that industry players and stakeholders have a comprehensive understanding on the ruling made by the SAC, Bank Negara Malaysia issued the  “Shariah Resolutions” and the ” Compilation of Shariah Resolutions ” as reference to understand the Shariah interpretations made by the SAC on any particular matter.

Shariah Resolutions are the rulings made by the SAC on a matter raised during its meeting and the ruling are issued following the SAC’s discussion during the meeting.

Compilation of Shariah Resolution  is a periodical publications of Shariah resolutions.