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From HK$5,000 · scoped to entity size

Shariah compliance audit

A structured review of your income sources, contracts, and operating activities — mapped to a risk-rated findings matrix, remediation plan, and management briefing. Independent advisory; not a regulatory audit.

Request audit scope
Audit domainScopeTypical riskOutput
Income sources & revenue streams
Sales, fees, investments, passive income
High
Source classification memo
Contracts & financing
Supplier, customer, lease, loan-like terms
High
Clause risk flags
Operating activities
Core business lines, side ventures, agency
Medium
Activity permissibility map
Treasury & cash management
Deposits, FX, inter-company balances
Medium
Holding review notes
Policies & staff awareness
Manuals, training, exception handling
Low
Governance gaps list
Purification & charity
Mixed income, doubtful receivables
Medium
Purification estimate
What we do

Inside the audit engagement

We work from documents and management interviews you provide — financial statements, contract samples, org charts, and process walkthroughs. We do not have enforcement powers or access rights beyond what you share.

  • Map every material income line to Shariah categories (halal, mixed, prohibited, needs purification)
  • Sample and review commercial contracts for riba, gharar, maysir, and impermissible collateral
  • Assess whether stated business activities align with Islamic commercial ethics and sector norms
  • Identify operational gaps — e.g. interest-bearing accounts, non-compliant supplier terms, marketing claims
  • Rate each finding by severity (critical / moderate / advisory) with evidence references
  • Draft a prioritised remediation plan with suggested owners and timelines
What you get

Deliverables on your desk

Findings matrixSpreadsheet-style register of issues, risk rating, Shariah basis, and recommended action — suitable for board or Shariah committee review.
Remediation planPhased roadmap: quick fixes (30 days), structural changes (90 days), and policy embedding (ongoing).
Management briefing60–90 minute presentation walkthrough plus written executive summary — factual observations, not regulatory certification.

Management briefing included

Leadership receives a plain-language summary of what is compliant, what needs attention, and what to fix first — so operational teams can act without reading a full scholarly treatise.

Book briefing
Process

Typical audit timeline

1

Scoping

Entity structure, materiality, document list.

2

Collection

Financials, contracts, policies.

3

Analysis

Mapping, sampling, risk rating.

4

Report

Matrix, remediation plan, memo.

5

Briefing

Management Q&A session.

Is this the same as a financial audit?
No. We assess Shariah permissibility and compliance posture — not IFRS accuracy or HKMA regulatory capital. Your external auditor remains separate.
How long does an audit take?
A single-entity SME typically needs 2–4 weeks after documents are received. Groups or multi-jurisdiction structures take longer — we confirm in the scoping call.
Do you share findings with regulators?
Never, unless you explicitly request a letter for a third party. Our work is confidential advisory between Baashir and your management.
What if we fail the audit?
There is no pass/fail certificate. You receive a factual assessment and remediation plan. Implementation is entirely your decision.

Ready for a Shariah compliance audit?

Tell us your entity type and last financial year — we will propose scope and fee from HK$5,000.

Contact us