Compliance

Understanding compliance features in Islamic Open Finance™.

Compliance Layers

Shariah Compliance

Automatic validation of Islamic finance principles:

const check = await iof.compliance.checkShariah({
  contractId: "contract_123",
});

// {
//   compliant: true,
//   checks: [
//     { rule: "no_riba", passed: true, details: "No interest charges" },
//     { rule: "asset_backed", passed: true, details: "Underlying asset identified" },
//     { rule: "gharar", passed: true, details: "Terms are clear and certain" }
//   ]
// }

Regulatory Compliance

Jurisdiction-specific rules:

const check = await iof.compliance.checkRegulatory({
  contractId: "contract_123",
  jurisdiction: "MY", // Malaysia
});

// {
//   compliant: true,
//   framework: "BNM_SHARIAH",
//   checks: [
//     { rule: "bnm_murabaha_guidelines", passed: true },
//     { rule: "disclosure_requirements", passed: true }
//   ]
// }

Supported Jurisdictions

Code	Jurisdiction	Framework
MY	Malaysia	BNM Shariah
AE	UAE	CBUAE
SA	Saudi Arabia	SAMA
BH	Bahrain	CBB
GB	United Kingdom	FCA
SG	Singapore	MAS

Compliance Reports

Generate regulatory reports:

const report = await iof.compliance.generateReport({
  type: "AAOIFI_FAS",
  period: { start: "2024-01-01", end: "2024-12-31" },
  format: "pdf",
});

Real-time Monitoring

Set up compliance alerts:

await iof.compliance.createAlert({
  type: "threshold_breach",
  conditions: {
    metric: "exposure",
    operator: "gt",
    value: 1000000,
  },
  webhook: "https://yourapp.com/alerts",
});

Next Steps

• Compliance API - Full API reference
• AML Rail - Anti-money laundering