Over the years, ISRA Consultancy Sdn. Bhd. has accumulated extensive experience and in-depth skills and knowledge in providing Shari`ah research services to clients. It is noteworthy that the researchers who are commissioned by ISRA Consultancy Sdn. Bhd. are not only competent in the theory of Islamic finance but are also actively involved in the Islamic finance industry as members of Shari’ah advisory boards of various Islamic financial institutions (IFIs), further strengthening their practical capabilities. Some of the Shari`ah research services include: –
1. Wide-ranging theoretical and applied commissioned Shari’ah research services in the field of Islamic finance and takaful. ICSB conducted applied research for Malaysian Industrial Development Finance Berhad (MIDF) on offering a value-added proposition for a new type of Islamic financial institution (“IFI”) encapsulating Islamic philosophy as a foundation for an Islamic finance/banking business model. And a Research on Musyarakah Mutanaqisah – Concepts, Applications and Deliberations for Murthi & Associates. ICSB is also the Editor-in-chief for Malaysia International Islamic Financial Centre (MIFC) Public Reports. ICSB developed a Shari`ah structure for the management of pension fund for Employee Provident Fund (EPF).
2. Shari`ah compliance, review and audit