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
