Who appoints the Sharia Supervisory Board at the bank? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Who appoints the Sharia Supervisory Board at the bank?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Appointing a Sharia Supervisory Board is not a mere formality; the goal is to have a qualified body reviewing Sharia-compliant products and decisions within the institution.

As a user, it's important to know that the bank has a publicly available Sharia governance framework and who is responsible for approving products and reviewing their implementation.

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