The Shari'ah Board

Shari'ah, Financial, and Legal Expertise

The Shari'ah Board assesses the products, contracts, and transactions submitted to CICAFFI to determine their compliance with Shari'ah principles.

Chair of CICAFFI’s Shari'ah Board

Sheikh Dr Tarik Abou Nour

Sheikh Dr Tarik Abou Nour chairs CICAFFI’s Shari'ah Board. He oversees Shari'ah compliance assessments and ensures the consistency of the opinions issued by the Board.

An imam, hafiz, and khatib, Sheikh Dr Tarik Abou Nour is President of the Institut d’Enseignement Supérieur Islamique de Paris (IESIP).

A researcher specialising in Islamic jurisprudence and finance, he holds a doctorate in religious sciences and systems of thought from the École Pratique des Hautes Études (EPHE). His research focuses particularly on the relationship between fiqh and spirituality.

He is also an engineer and a graduate of the École Mohammadia d’Ingénieurs (EMI), the École nationale des ponts et chaussées (ENPC), and IAE Paris, where he completed advanced training in finance.

Portrait de Cheikh Dr Tarik Abou Nour, président du Comité charia de CICAFFI

01.

His expertise

Dual Expertise in Islamic Jurisprudence and Finance

Sheikh Dr Tarik Abou Nour combines in-depth knowledge of Islamic jurisprudence with extensive professional experience in finance, risk management, and bank ratings. He has served as a senior risk and ratings consultant for a range of financial institutions. He has also taught Islamic finance and the jurisprudence of financial transactions at several higher education institutions and on executive programmes. In particular, he has taught on the Executive MBA in Islamic Finance at the University of Strasbourg and supervised research projects at Paris Dauphine University and the University of Strasbourg. He has also contributed to the EMOUNA programmes at Sciences Po and the Institut des hautes études du monde religieux, where he has taught on the relationship between scriptural texts and their contexts.

02.

His Experience

Experience in Shari'ah Certification Since 2010

Since 2010, he has been involved in the structuring, Shari'ah certification, and audit of Islamic finance products in France and across Europe. His contributions to Paris Europlace’s Islamic Finance Committee include the French translation and legal review of AAOIFI compliance standards, as well as work on takaful and sukuk. Between 2016 and 2019, Sheikh Dr Tarik Abou Nour was included in the Islamica 500, which recognises influential figures in the global Islamic economy.

03.

His role

His Responsibilities at CICAFFI

As Chair of the Shari'ah Board, Sheikh Dr Tarik Abou Nour:

  • Leads the Shari'ah assessment of projects submitted to CICAFFI
  • Assesses contracts and financial mechanisms in light of the jurisprudence of financial transactions
  • Coordinates the expertise required for each engagement
  • Oversees the preparation of Shari'ah compliance recommendations
  • Chairs deliberations concerning Shari'ah opinions and certification decisions
  • Oversees the ongoing Shari'ah compliance of certified products

04.

Selected Publications

Selected Publications on Islamic Finance

Sheikh Dr Tarik Abou Nour is the author of several books and articles and has contributed to a number of collective works, including:

  • Comprendre la finance islamique : principes, pratiques et éthique [Understanding Islamic Finance: Principles, Practices and Ethics], Éditions Les 4 Sources, 2010.
  • Contribution to Finance islamique : les normes de conformité de l’AAOIFI, volume 1 [Islamic Finance: AAOIFI Compliance Standards, Volume 1], Paris Europlace / Éditions ESKA, 2013.
  • Contribution to L’Assurance Takaful [Takaful Insurance], L’Argus de l’assurance, 2015.
  • "Le premier Sak français" ["The First French Sukuk"], Cahiers de la finance islamique, University of Strasbourg.
  • "Will Islamic Finance Be Socially Responsible in France?", Islamic Finance News, 2019.
  • "Rating and Innovation in Islamic Finance", Islamic Finance News, 2019.

He has also authored numerous publications on Islamic jurisprudence, spirituality, and interfaith dialogue.

Additional External Expertise

Depending on the nature and complexity of each engagement, CICAFFI may also call upon independent external experts with legal, financial, accounting, technical, or sector-specific expertise. These specialists work within a clearly defined scope of work tailored to the needs of each project.

Un pôle composé de professionnels de la finance

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