Roles and Responsibilities of the Shariah Supervisory Board

Islamic Digital Certification Council (IDCC)

The Shariah Supervisory Board is the highest and final Shariah authority within IDCC. Its members bear both fiqhī and amānah responsibility before Allah Ta'ala and the Ummah.

Primary Roles

1. Guardians of Shariah Compliance: Ensure every product, contract, process, and technology certified by IDCC is 100% free of riba, gharar, maysir, and all other prohibited elements.

2. Issuance of Binding Fatwas & Certifications: Review, discuss, and approve/reject all applications; issue signed fatwas and Shariah certificates that are binding on IDCC and the certified entity.

3. Protection of the Ummah's Wealth: Give priority to real ownership (milk al-'ayn), physical delivery or constructive possession (qabd hukmi), and total segregation of gold, silver, and digital assets.

Specific Responsibilities

4. Pre-Certification Duties

Personally study all legal, operational, and technical documents of every applicant.

Participate in (or appoint representatives for) mandatory on-site vault inspections and live smart-contract demonstrations.

Review independent physical audit reports (gold/silver) and third-party code audits (digital assets).

Deliberate in formal meetings and vote on every certification (minimum 3 scholars per product).

5. Ongoing Supervision Duties

Review quarterly compliance reports submitted by certified entities.

Conduct or delegate unannounced spot checks (physical vaults or server locations).

Immediately suspend or revoke certification if any breach is discovered.

6. Product Development & Research

Provide proactive Shariah guidance when applicants want to develop new gold/silver or digital Islamic products.

Continuously research emerging technologies (tokenisation, blockchain, stablecoins backed by physical metals, etc.) to determine their permissibility.

7. Training & Public Awareness

Train IDCC staff and auditors on Shariah red lines.

Issue public educational statements, position papers, and annual reports on the state of Shariah-compliant precious metals and digital assets.

8. Internal Governance Duties

Approve or amend the Shariah Governance Framework and Standard Operating Procedures.

Declare conflicts of interest and recuse themselves when necessary.

Maintain complete independence from commercial pressure.

9. Accountability

Every scholar signs every fatwa and certificate personally (electronic signatures acceptable if verifiable).

The Board as a whole is accountable to Allah Ta'ala and to the Muslim Ummah for the correctness and sincerity of its pronouncements.

What the Board Does NOT Do

Day-to-day management of IDCC (that is the role of the executive team).

Marketing or promotion of certified entities.

For partnership and joining - or wishing to support the IDCC please contact us.