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Shariah Audit, Shariah Certification & Shariah Review

Shariah Audit, Shariah Certification & Shariah Review

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Published by alhudacibe

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Categories:Types, Brochures
Published by: alhudacibe on Dec 20, 2010
Copyright:Attribution Non-commercial

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07/10/2013

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 ABDUL SAMADSHARIAH ADVISORTHE BANK OF KHYBER
Shariah Audit, Shariah Certification &Shariah Review
AL-HUDA CENTRE OF ISLAMIC BANKING & ECONOMICS
 
OBJECTIVE OF ISLAMIC BANKING
´
T
he main attraction for the establishment of anIslamic Banks is tosafeguard the Muslims fromentering into non Shariah compliancetransaction especially in theirfinancial affairs.
´
T
he absent of Shariah compliance wouldrender an Islamic Bankno difference fromother financial institutions.
 
PR 
O
µ 
CHECK & BALANCE¶ MECHANISM 
´
T
o build the publis confidence, and make the industryprosper, it become very essential that proper check andbalance· mechanismshould be in placed in IFIs to assure:
T
he activities of the organizations are in line with the Islamicprinciples.
T
o protect the confidence and faith of the stakeholders of Islamic organizations.
ItIt willwill boostboost thethe confidenceconfidence of of thethe shareholders shareholders andand thethe publicpublic thatthat allall thethe practicespractices andand activitiesactivities areare inin compliancecompliance withwith thethe ShariahShariah atat allall timestimes..
ThisThis targettarget cancan bebe achievedachieved throughthrough ShariahShariah Audit Audit or or ShariahShariah Review Review..
 
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