The fiduciary duty Islamic financial institutions owe their customers requires them to exercise due diligence in the management of the investment funds.

Question

Quizplus · Accepted Answer

Islamic financial institutions, like their conventional counterparts, have a fiduciary duty to their customers, which includes the obligation to exercise due diligence in managing investment funds, ensuring that investments are made in a manner that is compliant with Islamic law and principles.

The Fiduciary Duty Islamic Financial Institutions Owe Their Customers Requires