Shariah Board

Dahabshil Bank Has Since Its Inception Committed to The Application of The Islamic principles in All of Its Transactions. How it Was Made Possible?

The Sharia Board in Dahabshil Bank International consist of four scholars specialized in jurisprudence of Islamic financial transactions and contemporary Islamic economy. The Shariah Board started its operations at 2014 following the bank By lay and identity to perform its activities according to provisions and principles of Sharia.

Since then, Sharia Board has worked on issuing its decisions independently with overseeing the implementation of these decisions through Sharia Compliance Department.

Dahabshil Bank International is responsible for the compliance with the shariah laws and its role is prominent particularly in approving all products, contracts, agreements and advertisements before implementing and launching to public. Moreover, the decisions of Sharia Board in this regard are binding to the Bank.

What Does the Shariah Board Do?

  • Issuing decisions regarding the Bank’s activities to ensure compliance with the provisions and principles of Sharia.
  • Contributing with related departments in serving the growth of Bank from Sharia prospective and developing Sharia-compliant products.
  • Answering inquiries regarding the Bank’s products and transactions from prospective.
  • Supervising the compliance of the Bank’s transactions with provisions and principles of Sharia through Sharia Compliance Department team and then reporting the Sharia commitment of the Bank to the Board of Directors of the Group.
  • Reviewing the Bank’s financial statements from Sharia point of view.
  • Ensuring that the Bank’s policies, regulations and procedures follow the provisions and principles of Sharia.
  • Enhancing Bank’s participation to raise the awareness regarding Islamic banking.