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UAB signs MoU with Shari’ah compliant consultancy

Posted on 02 May 2013

The Islamic Banking Division of United Arab Bank (UAB), the fastest growing bank in the UAE, has signed a memorandum of understanding (MoU) with Minhaj Advisory — one of the most prominent Shari’ah compliant consultancies in the region. The services extended by Minhaj Advisory will include introduction of Shari’ah compliant products, contracts, supervision, auditing and training.
Minhaj will form a Shari’ah Supervisory Board (SSB) with three reputable Islamic scholars at the helm to extend their guidance regarding provisions and principles of Shari’ah related to transactions and activities of the current and future Islamic products and services provided by UAB’s Islamic banking division………………………………………..Full Article: Source

 
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