Governance & compliance
Shariah governance that works across policy, people and process
IHKAM helps institutions define accountable Shariah governance arrangements and embed approved requirements into day-to-day operations.
Our approach
From governance design to operating evidence
Effective governance connects decision rights, policies, controls, reporting and independent oversight. We help institutions establish a proportionate framework, clarify responsibilities and create the evidence needed to monitor whether approved activities continue to operate as intended.
Scope of support
Core areas of support
A governance mandate can address a new framework or strengthen an existing one.
Framework design
Governance charters, policies, roles, delegations, escalation routes and annual work programmes.
Control integration
Translate Shariah requirements into product, legal, operational, compliance and change-management controls.
Oversight and reporting
Define review evidence, management information, finding classification and reporting to the appropriate authority.
Remediation
Assess identified exceptions, determine required corrective action and establish a documented closure process.
Deliverables
Typical deliverables
- Shariah governance framework or gap assessment
- Policies, charters and responsibility matrix
- Compliance-control and evidence register
- Review calendar and reporting templates
- Findings and remediation protocol
Working method
Governance implementation
1. Diagnose
Map the institution, activities, applicable expectations and current governance arrangements.
2. Design
Define roles, decision paths, controls, evidence and reporting in a proportionate framework.
3. Embed
Support policy adoption, ownership, workflows and staff understanding.
4. Monitor
Review operation, report findings and refine the framework as activities evolve.
Frequently asked
Governance questions
What does a Shariah governance framework cover?
It typically addresses authority, independence, responsibilities, review and approval processes, controls, reporting, records, conflicts and treatment of non-compliance.
Can the framework be scaled for a fintech or fund?
Yes. Governance should be proportionate to the business model, risk, regulatory context and volume of Shariah decisions while preserving clear accountability.
How is governance different from a one-time product review?
A product review addresses a defined proposition. Governance establishes how the institution will make, implement, monitor and evidence Shariah decisions over time.
IHKAM Advisors
Strengthen your Shariah governance framework
We can help define a new framework or assess the design and operation of existing arrangements.