Shariah Governance

Sharia Governance:

In line to comply with Sharia governance general practices requirements and legislation issued by the Capital Market Authority.

To achieve this, ICAP have appointed Sharia Review Bureau (“SRB”) to adhere to the best practices and guidelines required for Sharia Governance.

SRB will undertake the tasks of managing Sharia discussions related to the company activities, structuring products, and issuing Sharia reports, in addition to working to raise the level of compliance with Sharia controls and standards in the Company.

Alistithmar Capital provides its customers with a number of Shariah Compliant Investment products which includes Shariah Compliant Funds, Murabaha, Equity and Structured products.

SRB will ensure the complete independence of the committee members, making the decision-making and Sharia confirmation processes effective.

Sharia Committee:

Two renowned and qualified Sharia scholars have been assigne, to provides product consultation, compliance certificates (Fatwas) and Shari’a supervisory audits for the Company’s Shari’a compliant products and activities, The names of the Sharia Committee members are provided below:

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