Shariah Supervisory Board

Overview

At Mashreq Al Islami, we are committed to the framework and values of Shari’ah. Our in-house Shari’ah Governance & Compliance department is extensively involved in:

  • Supervising Shari’ah Certification of all sales and relationship personnel at Mashreq
  • Providing advance training on the principles of Islamic law of financial transactions
  • Involved in the development of Shari’ah Compliant products and structuring of Shari’ah Compliant transactions
  • Assuring that all Islamic products and services are duly approved by Shari’ah Supervisory Board
  • Maintaining the custody of all Islamic products and services documentation
  • Issuing Fatwas from Shari’ah Supervisory Board
  • Conducting Shari’ah Compliance Reviews of the bank and its subsidiaries

SHEIKH ABDULLAH BIN SULAIMAN AL-MANEA - CHAIRMAN


Sheikh Al-Maneea is a member of the Saudi Forum of Senior Shari’ah Scholars which advises the government of the Kingdom of Saudi Arabia and Saudi public on all Islamic issues. He is also a member of the Shari’ah board for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) which is the most acclaimed body globally for issuing Shari’ah & Accounting standards. In addition, Sheikh Al-Maneea served as the President of the courts of Makkah Al Mukarramah and a member of the Supreme Judiciary Council of Saudi Arabia. He serves as an advisor to several Islamic Financial Institutions including Riyadh Bank, Saudi Investment Bank, SABB Takaful Company and Bank AlBilad.

SHEIKH NIZAM MOHAMMED SALEH YAQUBY - MEMBER


Sheikh Dr. Yaqubi is one of the most influential figures in the Islamic finance industry. He sits on the Islamic supervisor boards of more than 50 financial institutions including Abu Dhabi Islamic Bank, Barclays, BNP Paribas, Citi and Dow Jones Islamic Index. Sheikh Dr. Yaqubi has earned a Ph.D. in Islamic Law from University of Wales. He also holds a BA in Economics and Comparative Religion from McGill University in Canada.

DR. MOHAMMED AL-GARI - MEMBER


Dr. Elgari is an active member of the international Fiqh Academy. He sits on the Shari’ah Boards of more than 25 financial institutions including Dow Jones, Citi Islamic Investment Bank and Merrill Lynch. Dr. Elgari is a professor of Islamic Economics at King Abdul Aziz University in Saudi Arabia and the former Director of its Centre for Research in Islamic Economics. Dr. Elgari has earned a Ph.D. in Economics from University of California.

Contact Number & Working Hours

  • Contact Number : +971 4 424 4618
  • Working Hours : Sunday to Thursday 8:30am - 5:00pm

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Office Address

Mashreq Capital (DIFC) Ltd
Al Fattan Currency House, Tower 2, Floor 28, Office 2803
Dubai International Financial Centre (DIFC)
Post Box 1250, Dubai, UAE

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