Is it Shariah-compliant?
Ask, and see the sources.
Describe any financial product and receive an AI-drafted assessment citing Bank Negara Malaysia, the Securities Commission, AAOIFI and other authorities — with an honest “inconclusive” when the sources don’t cover it.
Three steps, no jargon
Describe the product
In your own words, or paste from a brochure. Pick your jurisdiction — Malaysia (BNM) is the default.
AI checks the sources
The system retrieves relevant rulings and standards, then drafts an assessment that cites only what it found. Nothing is made up: if the sources don’t cover your case, it says so.
Read, verify, escalate
Every citation names its document and resolution. Agree or unsure? Take the draft to a qualified advisor — we make that the next step, not an afterthought.
Trust is earned, line by line
Citations you can check
Every verdict names the standard, resolution, or verse it relies on. Citations are machine-restricted to real documents in our corpus — never invented.
Honest about disagreement
Where Malaysian and international authorities diverge, the answer says so — and leads with your selected jurisdiction — instead of pretending consensus.
Honest about limits
No relevant sources, no verdict. The system returns ‘Inconclusive’ rather than improvising an answer it cannot ground.
A draft, by design
Built for the human-in-the-loop: a watermark on every answer and a one-click path to a qualified advisor.
What an assessment looks like
Personal financing structured on commodity tawarruq is permissible in principle under the Malaysian framework — but only with conditions, and its wider status is contested. The main caution is that the commodity sales must be real, not a paper formality.
A customer takes personal financing from an Islamic bank, which arranges a commodity purchase and onward sale (tawarruq) to deliver cash while avoiding an interest-based loan. This is current, widely-used practice in Malaysia and elsewhere. It matters because whether it is genuinely Shariah-compliant turns on whether the commodity legs are real and independently transacted — a fact that must be verified rather than assumed.
- Answer
- Permissible in principle under the Malaysian framework, but only if the commodity sales are genuine.
- Governance status
- Valid with conditions — pending verification.
- Key reason
- If the commodity legs are not real and independent, the arrangement can collapse into a disguised interest-bearing loan.
The central concern is that the mark-up could function as interest (riba) rather than profit on a real sale if the commodity legs are engineered by the same bank. A secondary concern is genuine possession (qabḍ) of the commodity — without it, the sale is form without substance.
Obtain evidence of the actual commodity purchases and onward sales, the independence of the counterparties, and proof of genuine possession — and lead with your own jurisdiction's framework where authorities diverge.
Do not market the product as fully Shariah-cleared until the commodity legs and counterparty independence are verified by a qualified reviewer. Escalate the structure to your Shariah committee before relying on it.
If the commodity legs are not genuine, the mark-up can function as interest on a loan rather than profit on a sale.
- Organised tawarruq is contested across jurisdictions; a qualified scholar should confirm the structure against the selected framework.
- Independence of the commodity-sale counterparties and genuine constructive possession must be verified before relying on the assessment.
The SAC of Bank Negara Malaysia resolved that the tawarruq arrangement is permissible subject to conditions.
Real output, abridged. Assessments take 15–30 seconds.
Tibyān HSG® is a Shariah verification and screening intelligence tool from the Institut Kefahaman Islam Malaysia. AI verifies; qualified scholars decide. It exists to help you ask better questions — not to replace scholars, advisors, or Shariah committees.