A government building

A framework outlives every product under it.

Getting one product right helps one institution. Getting the framework right shapes every product a market will issue for the next decade.

We work with central banks, regulators and finance ministries on the frameworks, standards and supervisory capacity that a market needs before it has volume — not after.

What this work involves.

  • Framework design.Governance requirements, board mandates and disclosure rules that a supervisor can actually enforce.
  • Standards alignment.Where to adopt an international reference framework, where to adapt it, and where local practice has to lead.
  • Supervisory capacity.Training examiners to read a structure, not only a filing.
  • Sovereign issuance.Structuring and certification for sovereign and quasi-sovereign sukuk programmes.

We publish the standard.

All insights →
Standard · Governance

Reimagining Shariah Governance for Emerging Technologies and Innovative Products

Product development and innovation is key to continuous growth and wider delivery of Islamic financial services. Often, creativity is impeded or restricted out of…

Standard · Standards

Making Sense of the 30% Rule in Islamic Finance

To determine the Shariah compliance of an equity investment, a company’s business and financials are screened. Investors commonly ask the nature and evidence behind…

Report · Fintech & Digital Assets

Is Crypto Halal? (2026) – Research Paper

In late June 2026, at the direction of Shaykh al-Islam Mufti Taqi Uthmani (Ḥafiẓahullah), I was invited by the Darul Iftaa Committee of Darul Uloom Karachi to present research on the Sharīʿah classification of digital assets…

Standard · Contracts & Structuring

SAFE Notes from a Shariah Perspective

Introduction Simple Agreements for Future Equity (SAFEs) are frequently mischaracterised as loans (qard). That is not accurate. A SAFE has no repayment obligation…

Point of view · Fintech & Digital Assets

The 1,400-Year-Old Blockchain: Isnad

No code. No miners. No gas fees. Just rigour. Long before anyone hashed a block, Muslim scholars engineered a human protocol for truth: Isnād—the named chain of…

Standard · Contracts & Structuring

Kafalah: the trust engine of markets

What is Kafālah? Kafālah is a Sharīʿah-based guarantee in which a third party voluntarily adds their liability to that of the principal debtor, so the creditor may…

Building a market framework?