OFIS-SRB™
Shariah Review Benchmark
Standardise the methodology, depth and evidence base of internal Shariah review across products, processes and disclosures.
OFIS-SRB™
Scope
- Sample selection methodology
- Workpaper standards and evidence retention
- Findings classification and escalation
- Management response and remediation tracking
Deliverables
- Review Quality Score (0–100)
- Standardised workpaper templates
- Findings taxonomy aligned to AAOIFI
- Remediation tracker dashboard
Scoring Dimensions
Weighted Assessment Model
| Dimension | Weight | Description |
|---|---|---|
| Review Planning | 25% | Risk-based scoping and resource allocation. |
| Fieldwork & Sampling | 25% | Coverage, sample size and testing rigor. |
| Findings & Reporting | 25% | Classification, root-cause analysis, escalation pathways. |
| Remediation Tracking | 25% | Closure rates, recurrence prevention, board reporting. |
| Total | 100% |
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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