Islamic financial institutions invest according to the principles of the Qur'an and the writings of the prophets embodied in the Sunna.Institutions abide by these principles under the guidance of:

Question

Quizplus · Accepted Answer

Islamic financial institutions typically have an independent shariah board that oversees their adherence to Islamic principles. This is separate from the board of directors or management committee appointed by the shareholders. Shariah boards consist of Islamic scholars who provide guidance on the religious compliance of investment products and transactions. Therefore, option D is the best choice as it aligns with the standard practice in the Islamic finance industry.

Islamic Financial Institutions Invest According to the Principles of the Qur'an