- To review article of Association and Articles of incorporation of a given institution/fund to ensure that they are free of Shari’ah prohibitive clues.
- To review and edit bylaws and internal polices of institution/fund from Shari’ah point of view.
- To revise and edit a given company template and proposed contracts and agreements in the institution/fund.
- To declare Shari’ah decisions regarding all institution/ fund procedures.
- To participate in generating and developing contracts and procedures for financial institutions through presenting Shari’ah advice and suggesting alternatives.
- To respond to all incoming Shari’ah inquiries from institution/fund.
- To prepare Shari’ah annual reports that demonstrate Institution/fund’s compliance with Islamic Shari’ah regulations.
- To calculate Zakaht at the end of fiscal year.
- To administer and supervise full or partial transition processes towards Islamizing financial transactions for conventional banks/branches.
- To set Shari’ah standards and controls that are required for establishing Investment Funds, Portfolios, currencies exchange and Sukuk.