Maisarah appoints new Sharia Supervisory Board

Muscat: Maisarah Islamic Banking Services – BankDhofar’s Sharia-compliant window - has appointed a new Sharia Supervisory Board (SSB) during the Annual General Meeting held on March 22.

The announcement was followed by an inaugural meeting of the new board comprising Sheikh Abdullah bin Ali Al Shihri as Chairman, Sheikh Azzan bin Nasser Al Amri as Deputy Chairman, Dr Abdul Rub bin Salim Al Yafai, Dr Amin Fateh and Sheikh Hilal bin Hassan Al Lawati as members of the board.

During the meeting, the new board members, jointly with Maisarah’s management and Sharia teams, emphasised the importance of maintaining the highest Sharia standards throughout the design to the delivery of all Maisarah’s products, services and financial solutions.

The meeting also reviewed Maisarah’s offerings since the inception of its operations in 2013 and discussed Maisarah’s business development and updates throughout 2021. The board members expressed their satisfaction with the internal Sharia review and compliance system applied by Maisarah and hailed its commitment to comply with Islamic banking guidelines.