At our organization, we strive to adhere to good Shariah Governance practices from the establishment of a Sharia Committee to the independence of pronouncement and administration of Sharia reporting.
To achieve this, we have appointed Shariyah Review Bureau (“SRB”) who helps facilitate Sharia related discussions, product research, and Sharia reporting while working with the head of functions to augment Sharia principles and rulings at different levels of the organization. SRB will also help ensure that the members of the Sharia Committee operate with independence and autonomy and warrants effective decision-making and Sharia assurance practices.
Some of the specific requirements that SRB will manage are:
For the purpose of effective Sharia governance, one renowned and qualified Sharia scholar has been assigned. The Sharia Committee independently issues pronouncements and these rulings are binding on the Company. The names of the Sharia Committee members are provided below:
Shariyah Review Bureau (SRB) is a Middle East-based firm with an international scholarly platform of +37 scholars covering 4 major schools of jurisprudence and spreading over 16 countries including Saudi Arabia, Bahrain, UAE, Malaysia, Pakistan, UK, Germany and Russia. SRB is licensed and regulated by the Central Bank of Bahrain and has been serving the Islamic financial industry for almost 20 years and is committed to empowering Sharia compliance for businesses around the world.
To learn more about SRB and its services, please visit www.shariyah.net
