CIPR 4.2.3 Advertisements for Shari'a-compliant products

(1) An authorised firm must not make or approve an advertisement for a product or service that is represented as being Shari'a-compliant unless the product or service has been approved by the firm's Shari'a supervisory board. If the product was developed by another authorised firm or regulated financial institution, the product must also have been approved by that firm or institution's Shari'a supervisory board.
(2) An advertisement for a product or service that is represented as being Shari'a-compliant must specify the firm whose Shari'a supervisory board approved the product or service and the date on which the approval was given.
Derived from QFCRA RM/2019-2 (as from 1st January 2020).