Association of Shariah Advisors in Islamic Finance Malaysia (ASAS)

Premised on the main objective of having a global entity to ensure professionalism among Shariah advisors and experts in Islamic finance, the Association of Shariah Advisors in Islamic Finance (ASAS) was established and officially registered on 12 April 2011. The importance of ASAS was recognised as part of the national agenda in the Malaysian Financial Sector Blueprint 2011-2020 under Agenda 3.2: “Internationalisation of Islamic finance.” Recommendation 3.2.10 proposes to:- “Develop Malaysia as a reference centre for Islamic financial transactions.” To execute the recommendation, Malaysia needs to build on the development of human capital in Islamic finance while establishing the Shariah, legal, regulatory and supervisory frameworks.