Islamic banking has clear principles to ensure that each transaction is transparent and that the appropriate due diligence and higher standards of disclosure required are observed.
To ensure compliance with these requirements transaction and agreement is reviewed and approved by a Sharia’a Supervisory Board whose governance is in addition to the conventional regulation that applies to all UK based financial institutions.
The Sharia’a Supervisory Board members are as follows:
- Sheikh Dr. Abdulaziz Al-Qassar (Chairman)
- Sheikh Dr. Esam Khalaf Al-Enezi
- Sheikh Dr. Mohammed Daud Bakar