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NO. QUESTIONS
1 Do you agree that there is a need to safeguard the interest of Shariah (through
Shariah supervision) in the Islamic Finance (IF) industry? (YES, NO)
2 What PRIORITY LEVEL would you put on the establishment of a Shariah Board at
the Regulatory/National Level? (LOW/MED/HIGH)
3 What PRIORITY LEVEL would you put on requiring the establishment of a Shariah
Board at the Organizational Level? (LOW/MED/HIGH)
Note: All institutions offering Islamic financial products will be required to have a
Shariah Board.
4 What PRIORITY LEVEL would you put on the initiative to establish a Mindanao
Shariah Board (MSB Initiative) vis a vis the present mandate of the Bangsamoro
Government to promote the creation of a Shariah Supervisory Board (SSB) under
Section 32, Article XIII of RA 11054? (LOW/HIGH)
Note:
The SSB required under the BARMM Law could have similar functions than the
conceptualized MSB, but with limited jurisdiction.
The MSB initiative has no definite structure yet, it can be private-led or government-
initiated. Stakeholders may suggest their preferred structure in Queston No. 20.
7 What are the possible POSITIVE IMPACTS of the MSB Initiative on the Philippine
Islamic Finance Industry?
8 What are the possible NEGATIVE IMPACTS of the MSB Initiative on the Philippine
Islamic Finance Industry?
GUINDAB, Markazosshabab Al-Muslim Fil-Filibbin Foundation, In
ANSWER
10 How IMPORTANT is the 'MSB Initiative' for the Markazosshabab Al-Muslim Fil-
Filibbin Foundation, Inc.? (LOW/HIGH)
Note: This refers to future activities which the institution can initiate to support
the MSB initiative
Note: This refers to future activities which the institution can initiate to obstruct
the MSB initiative