Our Internal Shari’ah Supervision Committee (ISSC), a separate and independent entity that is appointed by the BoD, comprises of leading Islamic scholars who have extensive experience and expertise in legal, financial and banking-related matters.
The ISSC advises on activities, businesses services and transactions executed by Noor Bank to ensure that these are in compliance with the principles of Shari’ah. ISSC issues resolutions, decisions (fatwas) and recommendations on this effect. ISSC is also responsible for reviewing, approving and overseeing all our contracts, agreements and product offerings, to ensure compliance with Shari’ah.
Concurrently, the ISSC works closely with our business units to create innovative and dynamic financial solutions following principles of Shari’ah.
Members of the Internal Shari’ah Supervision Committee: