In addition to normal audits, Lotus Capital subjects itself to a regular Shari'ah review of operations carried out by an independent Shari'ah Advisory Board. This review certifies that no funds are used for prohibited activities and also guides the development of new products and services. The members of the Shari'ah Advisory Board are Islamic scholars well versed in Islamic laws, principles and traditions relating to trade, finance and economics. The Shari'ah Advisory Board confirms whether, in their opinion, current and proposed investments are acceptable from an Islamic perspective.

Prof Dr.Monzer Kahf
Prof. Kahf has over 14 years experience as an Economist, Senior Economist and finally Head of the Research Division of the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB), Jeddah, Saudi Arabia between 1985 and 1999. His responsibilities included organizing and conducting training courses in Islamic Banking and Islamic Economics, evaluating papers, writing original research as well as other papers and reports, and generating ideas for research projects.
Prof. Kahf is currently a private Consultant/Trainer/Lecturer, Islamic banking, finance and economics in practice based in California, USA. Consultations include: drafting and reviewing Shari'ah contents of Islamic finance agreements, by-laws and operational systems for Islamic financial institutions in the USA, consultations to lawyers, companies and individuals on Islamic aspects of financial transactions and estate planning, providing expert opinion to courts on matters related to Islamic laws for financing, banking and Awqaf, etc.

Training includes: directing and implementing training courses. Prof. Kahf has developed several copyrighted modules in Islamic Banking and finance that include: “Islamic Sukuk and capital markets,” “risk management and compliance with Basel II Accord,” “Shari'ah-based wealth management,” “financial engineering in accordance with Shari'ah,” “conversion of conventional securities into Islamic securities,” “structuring Islamic financial products,” “fundamentals of Islamic banking and finance,” “Islamic estate planning,” “Islamic Leasing,” Takaful and Insurance,” etc. Prof. Kahf gives training seminars in cooperation with several companies such as Euromoney, and directly to Islamic and conventional financial institutions.
He has been lecturing for over 34 years on Islamic Financial laws and regulations and on Islamic economic and finance at conferences and community seminars all over the world. Prior to that he was a Professor of Islamic Economics and Banking in the graduate program of Islamic economics and banking, School of Shari'ah, Yarmouk University, Jordan, 2004-2005. Prof. Kahf has written several books on Awqaf, Zakah, Islamic finance and banking and other areas of Islamic economics. Prof. Kahf holds a Ph.D in Economics from the University of Utah, Salt Lake City, Utah, March 1975, a High Diploma in Social and Economic Planning, UN Institute of Planning, Damascus, Syria, 1967 and also a B.A, Business from University of Damascus, Damascus, Syria, June 1962. He has also been a Certified Public Accountant in Syria since 1968.

Professor Muhammad L. Bashar
Professor Muhammad Bashar is the Head of the Department of Economics, Usman Dan Fodio University, Sokoto. He is a well-published, prolific writer. He has a B.A. (Hons.) Economics, from Jamia Millia Islamia, New Delhi, an M.A. (Economics) from Jawaharlal Nehru University, New Delhi, a Ph.D. (Economics) from Usman Dan Fodio University, Sokoto, a Certificate in Arabic and Islamic Studies from University of Medina at Sokoto and a Certificate in Arabic from Usman Dan Fodio University, Sokoto.
He studied the following courses at graduate level; Advanced Macroeconomics, Fiqh (Islamic Jurisprudence) for Economists, Development Economics, Islamic Banking and Finance and Public Finance. He is proficient in Hausa, English, Hindi and Arabic.