Exposure Draft Wa’d (Shariah Requirements & Optional Practices)

This policy document outlines the Shariah requirements and optional practices relating to wa’d to be observed by IFIs in developing Islamic financial services and products.

This policy document also covers wa’d and arrangement of wa’d with other Shariah contracts or concepts.

This policy document aims to facilitate the understanding of the Shariah requirements relating to wa’d that must be adhered to by IFIs in order to ensure its validity.

This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking