Zawya, in partnership with Funds@Work, has enabled Islamic finance institutions to identify and connect to more than 300 Shari’ah scholars, who will also convene their own Shari’ah board.
The platform aims to facilitate Shari’ah governance through transparency and connectivity to the Shari’ah scholar landscape.
Amongst its functions, Zawya Shari’ah Scholars enables an institution to view scholars’ affiliations with one another, as well as to identify those that have already worked closely with the current members of its Shari’ah board.
Zawya Shari’ah Scholars feeds from the extensive data provided by Funds@Work to enable institutions to search over 300 scholars globally, to understand their affiliations and expertise, and connect to them. It also places further efficiency in the Shari’ah system by enabling institutions to identify partnerships with others that share similar Shari’ah boards. Sukuk structurers and investors are able to view and assess Sukuk approved by scholars; they specify and further understand their caveats and acceptances on structures.