While crafting its guidelines, IFSB considered every technique or mechanism that originates from the conventional banking industry to be non-Sharī'ah compliant.

Question

Quizplus · Accepted Answer

The Islamic Financial Services Board (IFSB) does not automatically consider every technique or mechanism from the conventional banking industry as non-Sharī'ah compliant. Instead, it evaluates them based on their adherence to Islamic finance principles.

While Crafting Its Guidelines, IFSB Considered Every Technique or Mechanism