Responsibilities of the Shari’ah Supervisory Board
The Shari’ah Supervisory Board shall be responsible for the Bank business presented to it by the executive management and confirm they comply with the Islamic Shari’ah provisions. In this regard, the Shari’ah Supervisory Board issues resolutions and take the necessary actions.
Resolutions of the Shari’ah Supervisory Board are binding upon the Bank management and shall issue regular Shari’ah reports on the Bank business.
The Shari'ah Supervisory Board Structure
Shari’ah Supervisory Board of the Bank is composed of four members of the revered scholars specialized in jurisprudence of the modern financial transactions.
Kuwait
Bahrain
Egypt
United Kingdom
Iraq
United Arab Emirates
Libya
AlHilal Life
