Efforts to further strengthen Shariah governance standards remain a priority to the Bank as good governance models and practices evolve in tandem with the growing complexity of the Islamic financial industry. As such, the revised policy document on Shariah Governance outlines a more integrated Shariah governance policy and implementation that will impact business model and strategy of Islamic financial institutions as well as drive innovation of value-adding Islamic financial products and services through effective implementation of the Shariah contract-based regulatory framework.

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