| Islamic Bank Laws in Asian countries have been developed and growth with their practical institutions. All operational aspects of the latter must be in accordance with the former. Though, the development and the growth of Islamic Bank Laws are not significance as their institutions but the role and the stand of them are vital in the operation of any Islamic bank. One of such vitality is the existence of Shariah Advisory Board in every Islamic bank institution. Islamic banks consider Shariah compliance of their business operations as their most important & strategic priority. They must be committed to the highest Shariah standards in the Islamic banking industry. They must employ a team of qualified professionals to ensure that the guidance and advice received from the Shariah Advisory Board is implemented in letter and spirit. The success of an Islamic financial initiative, be it a product, fund, transaction or whatever, depends on the investors’ confidence in the Shariah Board of Scholars, or scholar, associated with it. Almost all Islamic Bank Laws in Asia provide that Shariah Advisory Board is a must in Islamic bank institution without such its license will not be given by the authority. In this paper, the important and the role of Shariah Advisory Board will be discussed by focusing on its existence in every Islamic Bank Laws in Asian countries discussed and the related provisions as well as their duties and obligations. |