Premised on the main objective of establishing a global entity to ensure professionalism among Shariah advisors and experts of Islamic finance, Association of Shariah Advisors in Islamic Finance (ASAS) was officially registered on 12 April 2011.
The importance of ASAS was recognized nationally when it has been declared as part of agenda in Malaysian Financial Sector Blueprint 2011-2020 under Agenda 3.2: Internationalisation of Islamic finance.” It was stated under Recommendation 3.2.10: “Develop Malaysia as a reference centre for Islamic financial transactions. To enable this, Malaysia needs to build on the development of human capital in Islamic finance and the establishment of the Shariah, legal, regulatory and supervisory frameworks.
This includes: “….. iv. Gaining international recognition for the Association of Shariah Advisors (ASAS) as the body responsible for enhancing qualification and professionalism of Shariah advisors, locally and internationally.”