MiS Consulting

MiS has the ability to help financial institutions in the design, development, auditing, authentication and marketing of Islamic products. Today, any institution that is planning to enter into the field of Islamic Finance will be faced with stiff competition and many other procedural challenges. Also, these institutions must be alert to the fact that they will be catering to :

An audience that has acquired increased awareness regarding Islamic products.
They will be marketing to or competing directly against Islamic institutions that have gained credibility and acceptability. The Islamic Institutions also provide a large range of products that conform to Islamic beliefs, traditions and that meet the Islamic Investor’s objectives.

MiS Consulting could work with financial institutions to help start or to
develop the Islamic Finance aspect of their business :

MiS can design a Islamic Business Development plan.
MiS can develop/modify an existing product.
MiS can help to improve an existing product to make sure that it qualifies as an “Islamic product”. This will be done by first auditing the product to make sure it conforms to Islamic principles. It will then be raised to an Islamic body for authentication. The Shariah Board will then be called upon to clear it. Once ratified by the Shariah Board it will gain “credibility and respect” in the eyes of Islamic institutions and individual investors and will thus be termed “An Islamic Product”.