Accepted to the Journal of Islamic Accounting and Business Research and Islamic Economic Studies since 2011, plus 12 working papers in circulation.
Insights & Publications, a research archive compiled since 2009 for the institutions that shape Islamic finance.
Peer-reviewed papers, regulatory briefings, and Shariah standard commentary drawn from 1,240+ compliance reviews and 15 years of advisory practice. Curated for Shariah scholars, in-house compliance heads, and academic counterparties who measure an advisory firm by what it has written, not what it has claimed.
§ I — Publication Index
Organized by authority and use case, not by date.
Three entry points into the archive. Senior scholars head to AAOIFI commentary; in-house compliance heads to regulatory briefings; academic counterparties to peer-reviewed papers. Every item is cross-referenced to its originating review mandate.
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01
AAOIFI Shariah Standard Commentary
Clause-by-clause notes on SS 1–62, including implementation gaps, jurisdiction-specific readings adopted by Bahrain and Malaysian regulators, and the firm's 312-point screening framework mapped against each standard.
Open the commentary index → -
02
Regulatory Briefings for In-House Compliance
Practitioner briefings issued after DFSA, CBB, BNM, and OJK circulars. Each note distils the regulatory text, the Shariah implications, and the operational steps an institution must take within the stated compliance window.
Open the briefings index → -
03
Peer-Reviewed Papers & Working Papers
47 papers accepted to the Journal of Islamic Accounting and Business Research and the Islamic Economic Studies journal, plus a working-paper series circulated to academic counterparties ahead of formal submission.
Open the papers index →
§ II — Featured Paper
Reconciling Profit-Rate Volatility with the AAOIFI SS 21 Capital Adequacy Standard: A Two-Tier Loss-Absorption Model for Islamic Banks.
This paper addresses a structural gap in the application of AAOIFI Shariah Standard No. 21 to Islamic banks operating across the GCC and Southeast Asia. We propose a two-tier loss-absorption model that preserves the Shariah requirement that investment account holders bear commercial risk while providing the supervisory capital certainty demanded by Basel III implementation. The model is validated against 14 live Islamic bank balance sheets and reproduces in published auditor letters.
§ III — Research Standing
Scholarly output, translated into institutional metrics.
A board-level reader does not have time for citation indices. The four figures below are the ones we cite when a regulator, an academic counterparty, or a new institutional client asks whether the firm's research has weight.
Active external Shariah reviewer panels with AAOIFI, the Islamic Financial Services Board (IFSB), and the Bahrain Shari'a Review Bureau.
Standards adopted by the Central Bank of Bahrain and Bank Negara Malaysia, authored by the chair of our Senior Shariah Advisory Board between 2014 and 2021.
A 91% annual retention rate across advisory mandates — a measure of how often our research and opinions survive the scrutiny of long-term in-house Shariah review.
Figures current as of Q1 2025 and audited annually by the firm's external compliance counsel. Methodology available on written request to the Office of the Chief Shariah Officer.
§ IV — Editor's Note
“Nothing in this archive is published under a marketing deadline. Every paper, briefing, and commentary note clears a two-stage internal Shariah review, an external peer-review where the venue requires it, and a final read by the Advisory Board. If a piece cannot meet that standard, it stays in the working-paper file. The archive you are reading is therefore shorter than our full output — and considerably more durable.”
The next call for working-paper submissions closes 30 June 2025. External scholars may write to [email protected] with a 400-word abstract.
§ V — Engage the Firm
When the question on your board agenda requires senior Shariah judgement, the next step is a confidential conversation.
A 45-minute consultation with a Senior Shariah Advisor, conducted under NDA, scoped to the specific structuring, governance, or product-certification question your institution is weighing. No fee for the first call; a written follow-up note issued within five business days.
Dual-licensed by the Dubai Financial Services Authority and the Central Bank of Bahrain as an external Shariah review firm. Headquartered at Gate Village 10, DIFC, with a satellite office in Manama.