Maisarah holds 3rd Sharia Supervisory Board Meeting

Business Monday 26/September/2022 15:49 PM
By: Times News Service
Maisarah holds 3rd Sharia Supervisory Board Meeting

Muscat: Maisarah Islamic Banking Services – BankDhofar’s Sharia-compliant window – recently held its second Sharia Supervisory Board (SSB) meeting in 2022.

The meeting was attended by SSB members: Sheikh Abdullah bin Ali Al Shihri- Chairman, Sheikh Azzan bin Nasser Al Amri - Deputy Chairman, and members of the board Dr Abdul Rub bin Salim Al Yafai, Dr Amin Fateh and Sheikh Hilal bin Hassan Al Lawati, along with SSB’s Secretary Sheikh Abdul Hakim Bin Osman.

The agenda of the meeting covered various topics pertaining to Maisarah’s product development, acknowledgement of the previous SSB meeting decisions, in addition to reviewing Sharia reports of some branches, and approval of changes in some services and products to facilitate the procedures and meet the customers’ needs.

The meeting was also attended by members of Maisarah’s management, Sharia audit and compliance teams who emphasised maintaining the highest Sharia standards throughout the design to the delivery of all Maisarah’s products, services and financial solutions. The SSB members expressed their satisfaction with the internal Sharia audit and compliance system applied by Maisarah and hailed its commitment to abide by Islamic banking guidelines.