The Sharia Supervisory Board of Alizz Islamic Bank continues its endeavours to research and study the bank’s innovative products and services.
It also reviews the monthly reports, policies, investment proposals, and Sharia audit reports, and provides appropriate directives in accordance with the provisions of Islamic Sharia.
The Sharia Supervisory Board has already held several meetings recently with a full legal quorum.
The Sharia Audit and Compliance Department has played various important roles in achieving its objectives, such as enhancing Sharia compliance in all operations and services provided to the valued customers of the bank.
The Sharia Supervisory Board reviews the bank’s product documents, processes and procedures to ensure that all the bank’s transactions have been carried out following the principles and guidelines of Islamic Sharia.
The Sharia Supervisory Board reviewed the periodic reports submitted by the Sharia Compliance Unit and the Sharia Audit Unit and directed appropriately in each subject to take the necessary steps to further enhance the bank’s services and products to comply with the principles of Sharia. —Times of Oman