The chairman and members of the Shari'ah Supervisory Board of Mashreq Group are very pleased to see Mashreq further enhance its Islamic banking business.
Through the new implemented strategy Mashreq as a group will be able to distribute Islamic banking Products & Services within UAE. This will result in extending the spread of Islamic banking ensuring a wider network of customers access the Shari'ah compliant Products / Services conveniently.
We are pleased to see the following steps being taken by Mashreq Al Islami to meet our directives:
- Shari'ah certification of all Mashreq sales and relationship staff across the bank.
- To sell "Islamic First" by the sales and relationship teams across Mashreq branches and network.
- Segregation of Islamic Assets, Liabilities and Profit from the bank's balance sheet.
We wish success to this Islamic Initiative and fully endorse the business model
Shari'ah Supervisory Board