The Islamic system of financial management is faith-based, underpinned by the Qur'anic proscription on riba (interest) and gharar (intentional incomplete disclosure). As such, a core component of the Islamic system of financial management is Shariah compliance. There can be no compromise on Shariah compliance, otherwise the product or service may be deemed as unacceptable.

In certain financial services jurisdictions, such as Malaysia and Sudan, there are Shariah Supervisory Boards at the central bank, and in Iran they have a committee within the Council of Guardians, which sets the rules for the banking and finance sector. In other jurisdictions, individual Islamic financial institutions and the Islamic banking units at conventional financial institutions appoint their own Shariah Supervisory Boards or Advisors.

A Shariah Board is a committee of Islamic financial legal experts established to ensure that the financial institution's practices and products offered are in compliance with Islamic Law.

Yasaar Limited, a UK-incorporated company, is pioneering an independent approach to Shariah compliance and co-ordination services. These services can be utilised on a confidential basis by any bona fide financial institution, regulatory authority, corporate entity, individual investor, fund manager, legal firm, accounting & auditing partnership, rating agency, etc.