SHARIAH AUDIT& COMPLIANCE

Shariah Audit and Compliance

Tell people Upon execution of Islamic transactions, it is a requirement of Shariah that there is a continuous monitoring of such products and services. We can conduct periodic Shariah audit and prepare a report to be submitted to your Shariah Supervisory Board, if you have a Shariah Supervisory Board. Alternatively, we can work with you and conduct the Shariah audit, prepare the report and suggest remedial actions, if necessary, in a manner that are acceptable to your commercial needs without breaching Shariah principles.more about the services you offer. Add your own content here.

This work is likely to include:

EFFECTIVENESS

Reviewing ongoing effectiveness of overall internal control structure pertaining to Shariah review process

SCREENING

EQUITIES

Screening of listed equities for Shariah compliance ​

SAMPLE

Reviewing samples of transactions documents by selecting appropriate number of samles from each business unit

AUDIT REPORT

Preparing Shariah annual audit report for inclusion in the Company’s annual report and endorsed by the Shariah Supervisory Board​

REVIEW CONTRACT

Review of 3rd party contracts to ensure Shariah compliance​

ADVISING

Advise on the purification of any funds which needs to be given to charity.

TECHNOLOGY

Review of companies income and expenditure​

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