A financing-based crowdfunding platform operator that hosts sharia-compliant financing offers, must ensure that such facilities are based on Sharia-compliant financing contracts such as Murabaha, Ijarah, Salam, Istisna’a, etc. Licensees hosting sharia-compliant facilities must make an arrangement with one independent Sharia Scholar to monitor, review and verify that the crowdfunding transactions, including documentation and structuring are in full compliance with Sharia rules and principles. The Sharia Scholar to be appointed must fulfil the eligibility criteria outlined in the CBB’s Sharia Governance Module of Volume 2.