Standardised Shariah Approval Dossiers
OSAS™ is the advisory subset of OFIS™ dedicated to Shariah review, approval memoranda and transaction layout sheets for each core Islamic finance contract.
OSAS™ Catalogue
Murābaḥah Approval Standard
مُرَابَحَة · Cost-plus Sale
Asset financing — enabling clients to acquire identified goods or assets through deferred payment without recourse to interest-based lending.
Muḍārabah Approval Standard
مُضَارَبَة · Profit-sharing Partnership
Equity-based fund mobilisation, investment accounts, fund management mandates and SME / venture financing.
Ijārah Muntahiyah bi al-Tamlīk Approval Standard
إِجَارَة مُنْتَهِيَة بِالتَّمْلِيك · Lease Ending with Ownership Transfer
Long-tenor asset financing — real estate, equipment, vehicles, aviation and infrastructure — where ownership transfer is the client's economic objective.
Wakālah Approval Standard
وَكَالَة · Agency Contract
Investment-account management, takāful operator-participant relationship, liquidity placements, syndicated financing and corporate advisory mandates.
Istisnāʿ Approval Standard
اِسْتِصْنَاع · Manufacture-to-Order Contract
Construction finance, infrastructure projects, manufacturing-to-order, ship-building, aircraft assembly and bespoke equipment.
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OFIS™ is the umbrella framework hosting contract-structuring sub-frameworks (MUR, MUD, IJM, WAK, IST) and governance frameworks (SGB, SRB, SPA, RISK, COMPLY, SCORE).
Explore OFIS™Advisory Subset of OFIS™
OSAS™ · Onike Shariah Advisory Standards
Reviewed and Approved by Abdul-Azeez Onike Morufu — Registered Shariah Adviser, Securities Commission Malaysia
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