At Investment House, we have appointed an independent Shari’a Supervisory Board to guarantee that our operations are guided by a team of esteemed scholars with expertise in the field. These scholars are highly regarded in the country and are tasked with ensuring that all products and services offered by Investment House comply with the provisions of Islamic Shari’a. This ensures that our investors can trust in the legitimacy of our offerings and enjoy the peace of mind they deserve.

The Shari’a Supervisory Board members oversee our processes, ensuring that our investments are protected against non-Shari’a-compliant assets. They also provide guidance to prevent the company from engaging with any sources that are not in line with Shari’a principles. Investment House validates its products and services through a Fatwa certificate, signed by the Shari’a Board, further emphasizing our commitment to Shari’a compliance.

Sheikh Dr. Ali Mohyulddin Al-Qarra Daghi
Sheikh Dr. Ali Mohyulddin Al-Qarra Daghi
President of Shari’a Board & Executive Member
Dr. Ali Mohammed Yousef Al-Mohammadi
Dr. Ali Mohammed Yousef Al-Mohammadi
Member of Shariah Board
Dr. Ahmed Abdullah Obaid Al-Own
Dr. Ahmed Abdullah Obaid Al-Own
Member of Shari’a Board

The Key Roles and Responsibilities of the Shari’a Supervisory Board are:

  • Approval of Shari’a Aspects in Legal Documents: The Shari’a Board is responsible for approving the Shari’a aspects present in the Memorandum of Association, Articles of Association, and Regulations. This also extends to forms and policies utilized by the company.
  • Endorsement of Products and Services: The Shari’a Supervisory Board has the authority to approve the products and services offered by the company, ensuring their compliance with Islamic principles.
  • Approval of Financial Agreements: The Shari’a Board reviews and approves standard agreements and contracts related to the company’s financial transactions, verifying their adherence to Shari’a principles.
  • Shari’a Opinions and Fatwas: Providing Shari’a-founded opinions on products introduced by the company, as well as issuing fatwas on questions and transactions submitted to it.
  • Oversight and Transaction Compliance: The Shari’a Board actively monitors the company’s operations, ensuring that concluded transactions align with the approved products endorsed by the Board.
  • Audit and Compliance Review: The Shari’a Board reviews reports from the Shari’a audit and compliance department, evaluating the extent to which the company’s transactions comply with Islamic Shari’a, fatwas, and resolutions issued by the Board.
  • Audit and Compliance Review: The Shari’a Board reviews reports from the Shari’a audit and compliance department, evaluating the extent to which the company’s transactions comply with Islamic Shari’a, fatwas, and resolutions issued by the Board.