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[Infographic] Bai` al-Sarf (Currency Exchange)
Bank Negara Malaysia issued the Shariah Standards on Bai` al-sarf that took effect in April 2019 aims to promote end-to-end Shariah compliance and sound banking practices, as well as to safeguard consumer interests. In this regard, the Shariah standards sets out salient features and essential conditions of Bai` al-sarf including as well as regulatory and supervisory expectations for the operational requirements on governance and oversight, structuring, risk management, as well as business and market conduct 
Bank Negara Malaysia issued the Shariah Standards on Bai` al-sarf that took effect in April 2019 aims to promote end-to-end Shariah compliance and sound banking practices, as well as to safeguard consumer interests. In this regard, the Shariah standards sets out salient features and essential conditions of Bai` al-sarf including as well as regulatory and supervisory expectations for the operational requirements on governance and oversight, structuring, risk management and market conduct 
 

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