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What does ‘Shariah-compliant’ mean?

The term ‘Shariah-compliant’ is used in Islamic Finance to denote that a financial product/service/activity complies with the principles of Shariah (Islamic Law). This means that CIMB Bank can manage your deposit to fund all economic activities unless there is a clear prohibition that it is non-permissible. Examples of non-permissible financial activities are those that are interest-based or businesses that are in the alcohol, pork, entertainment and tobacco industries.

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