Services
Our goal has been simple: we want to help companies anywhere in the world bring their ideas to life in the expanding markets of Islamic Finance. So if you have a product whose characteristics you would like to explore within a Sharia context then we’d love to hear from you.
Sharia Supervisory Board
We identify and assemble the right scholars for your transaction, and set up the Sharia Board for your Company. We then assign a dedicated Sharia manager as a focal point for you to liaise with and to help support you in implementing and managing the Sharia rules and guidelines.
Sharia Assurance (ISAE 3000)
Our Sharia assurance practice is guided by the most widely recognized international standard, ISAE 3000. Under this service, the scope of work is sized to your specific Sharia governance, controls and investment needs and the level of assurance is designed accordingly for your stakeholders.
Internal Sharia Audit
This practice takes into account Sharia non-compliance risks and engages in reviewing all transactions, products, & financial statements on a regular basis so as to ensure compliance with guidelines laid down by your Sharia Board.
External Sharia Audit
Our external Sharia audit is a trust engendering tool. Our practice underpins the trust of Islamic stewardship between your company and those who wish to see an honest view of the implementation of Sharia compliance in your firm.
Express Certification
In the world of investments every hour counts. This is why our express service is the fastest way to get your transaction reviewed in light of Sharia principles. This option is most suitable for critical investments that need immediate reviews and is ideal for urgent feedback and analysis.
IPO Certificate of Sharia Compliance
As a Sharia advisor, we have an incredible experience in serving diverse companies through their IPO journey. Our Sharia evaluation will help your IPO transaction become aware of any “non-compliance listing” beforehand and advise on potential solutions to attain Sharia compliance.
Remote Sharia Audit
Our digitally managed Sharia audits are designed to work remotely in a safe, secure and efficient way. From collecting information to reviewing documentation to auditing transactions and issuing reports, our remote Sharia audit is underpinned with easy to use delivery model, so as to provide you with a fast, accurate, safe and secure remote assessment.
Private Equity Screening
We have certified 40+ private equity funds with 3 billion Saudi Riyals under management covering a wide spectrum of targeted acquisitions in different parts of the world. With our Shariah knowledge and modern-day industry practices, we can deliver Sharia compliance health checks and insights with the speed that private equity firms need to make decisions.
Global Sharia Certificate
Our global Sharia certificate is signed by 16 scholars covering 4 major school of jurisprudences and spreading over 10 countries including Saudi Arabia, Bahrain, Malaysia, UK, Germany and Russia. Such a comprehensive review and international endorsement can help your investment gain credibility, grow and win the trust of communities around the world.
BOD Support for Sharia Governance
The regulatory landscape of Islamic financial sectors is evolving across the GCC countries, boards must be able to navigate the challenges and opportunities in governing Sharia compliance.
Managing Sukuk Governance
Leverage on our expertise to manage, govern, and comply with AAOIFI’s Sukuk governance requirements, while establishing trust and ensuring Sharia compliance.
ESG Advisory
Environmental, Social and Governance (ESG) are a set of principles by which you or your stakeholders can measure the wider impact of your funds, investments, operations, and long-term strategy.
Audit on Account Holder & Investment Pools
One of the unique features of Islamic finance is the presence of risk-sharing stakeholders such as account holders* in Islamic banks and the insured participants in Islamic insurance companies. These participatory stakeholders have a quasi-equity contractual arrangement to share the profits and losses in the net assets of the underlying business.
Research on Conflicting Views in Sharia
We work with financial institutions providing research and resolutions on conflicting views over compliance of Sharia related to your product structures, fund mechanisms, approval solidification process, fatwa research, expert fiqh qualification, conflicting views analysis, Sharia non-compliance risks, and other services to address the growth of your business.
Sharia Assessment for Digital Assets
Whether it’s launching a blockchain project, issuing an asset backed token or setting up a digital asset fund. You can leverage upon our Sharia advisory experience, as we have been advising a diverse set of clienteles in several capacities.
AAOIFI Sharia Standards and Audit Training
Discover customized Sharia standards and audit programs tailored to support Islamic financial products, offered in over 6 languages, ensuring your teams have the necessary knowledge for effective Sharia compliance. Featured clients include leading Islamic banks and institutions benefiting from our Sharia Compliance Audit and training programs to strengthen assurance and transparency in their operations.
Zakat & Purification in Investments
Managing investments within Islamic finance requires adherence to Zakat and purification principles. Zakat, one of the Five Pillars of Islam, involves giving a portion of wealth to those in need. Purification ensures that earnings remain free from impermissible elements. At Shariyah Review Bureau, we specialize in Zakat assessment and purification for diverse investment portfolios, ensuring compliance with Islamic guidelines and optimizing investment strategies.
Bahrain
Bahrain