OFIS-COMPLY™
Shariah Compliance Assessment Framework
Provide a standardised, auditable compliance-assessment methodology covering products, processes, contracts, income and disclosures.
OFIS-COMPLY™
Scope
- Contract integrity vs approved structure
- Operational execution (sequencing, ownership, possession)
- Income purification mechanism
- Disclosure adequacy
- Customer communication and complaint handling
Deliverables
- Compliance Assessment Score (0–100)
- Non-compliance income register
- Customer-disclosure pack review
- Board compliance report
Scoring Dimensions
Weighted Assessment Model
| Dimension | Weight | Description |
|---|---|---|
| Contract Integrity | 25% | Live contracts match the approved Shariah structure. |
| Operational Execution | 25% | Ownership/possession/sequencing followed in practice. |
| Income Purification | 15% | Non-Shariah-compliant income identified and segregated. |
| Disclosure | 15% | Annual SSB report, fee disclosure, beneficiary communication. |
| Complaint Handling | 20% | Shariah-related complaints tracked and resolved. |
| Total | 100% |
Rating Bands
Interpretation Scale
Fully Compliant
90–100
Minimal exceptions; well-managed.
Substantially Compliant
75–89
Minor exceptions; remediation in progress.
Partially Compliant
50–74
Material exceptions; structured remediation required.
Non-Compliant
0–49
Systemic exceptions; board intervention required.
Part of the Onike Framework Ecosystem
OFIS™ · Onike Framework for Islamic Finance
Reviewed and Approved by Abdul-Azeez Onike Morufu — Registered Shariah Adviser, Securities Commission Malaysia
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