Dhaka, Dec. 6 -- The Shariah Supervisory Board (SSB) plays a crucial role in ensuring that Islamic banking operations conform to Islamic jurisprudence (Fiqh al-Muamalat).

In Bangladesh, where Islamic banking has grown significantly since the 1980s, the SSB is integral part to maintaining the credibility and integrity of the sector.

It acts as a religious authority within each Islamic financial institution, guiding product development, operational practices, and financial decision-making in line with Shariah principles.

Every full-fledged Islamic bank or Islamic window of a conventional bank in Bangladesh is required to establish an SSB. The formation of the SSB must be approved by the bank's Board of Directors.

SSB members are usually...