What are the qualifications required to be found in a member of a Shari^ah board of an Islamic bank?

The following are from the qualifications necessary to be found in a Shari^ah board member of an Islamic Bank"

1. Knowledge of Islamic jurisprudence in the area of Business Dealings (FiQul-Mu^amalat) according to the four Sunni schools of legislation (Maliki, Hanafi, Shafi^y and Hanbali)

2. Solid knowledge of the science of foundational belief of Islam (^Ilmul-^AQeedah)

3. Proficient knowledge of Arabic language

4. knowledge of Ijma^ (Consensus) on the issue in business dealings the Sunni scholars agreed upon by consensus. 

5. Proficient knowledge of Usulul-FiQh (the foundation rules of FiQh) that pertains to FiQul-Mu^amalat

6. Proficient knowledge of finance, accounting and investment

7. Detailed awareness of the current products, contracts, and modes of finance carried out by the acclaimed Islamic Banks. 

8. Full awareness of the current conventional banking system and their different products 

9. Full awareness of both regulating bodies that issues rules and regulations to govern the current Islamic banks: AAOIFI and IFRS

 

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Thanks for the invite I agree with the experts answers

Basically Shariah Board members should have expertise, knowledge and experience in Islamic Jurisprudence (usul al fiqh) and/or Islamic Commercial laws (fiqh al musmalat). However due to shortage of Scholars , paper qualifications are not mandatory as long as the member has the necessary knowledge , reputation and qualities satisfactory to the shareholders .

Agree with expert answers. Thank you