Journal of Islamic Banking and Finance

Role of the Shariah Advisors in Promoting the Risk Sharing Finance
Muhammad Irfan

Abstract
According to the Islamic tenets of risk sharing finance (IRSF), the two parties join hands in hands in a business, are equally responsible for the expected surplus and deficit. In this endeavor, it differs with the internationally oriented economic systems in the modern phase of human history, which in one way or the other protect the interests of the dominant business class and exploits the working class. I will find the relation between the risk sharing finance and Shariah in the light of the tenets given in the Islamic jurisprudence for RSF. The shariah advisors can profoundly explain the relation. The contemporary institutes that play the integral role in financial activities, will be discussed where the Shariah advisors can astutely be inducted, will be examined. The relevant core questions, upon which the paper is based, can be taken into account including the following aspects: the Risk Sharing Finance in and the Islamic perspective, The Shariah Advisors; the traditional graduate and the university graduate, the ways the advisors can promote the risk sharing finance. (The accommodation in the research centers, academic institutions, the financial centers). I have collected much data to corroborate each portion in the research paper. I will use the analytical modes of research methodology in an attempt to prepare the paper in light of the statement.

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