The IFSB-10 gives the following primary duties of the Sharī'ah Board in an Islamic financial institution EXCEPT:

Question

Quizplus · Accepted Answer

DThe primary duties of the Sharī'ah Board in an Islamic financial institution include advising the Board of Directors on Sharī`ah-related matters and reviewing and endorsing Sharī`ah-related policies and guidelines. However, providing operational guidelines for financial institutions and overseeing the computation and distribution of zakah and any other fund to be channelled to charity are not explicitly mentioned as primary duties of the Sharī'ah Board in the IFSB-10 standards. These tasks are generally handled by other parts of the institution or specialized committees.

The IFSB-10 Gives the Following Primary Duties of the Sharī'ah