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
Mashreq Group