Islamic Banking Governance

BOKI’s financial products and services are regulated by Islamic Banking principles and are periodically reviewed and approved by Internal Shariah Supervision Committee (“ISSC”), ensuring investments are made only in Shariah-compliant companies.

BOKI is supervised by an Internal Shariah Supervision Committee (“ISSC”), which consists of prominent Shariah scholars who review and ensure that all BOKI’s Islamic banking products, services, and operations comply with the Shariah principles. The appointment of the ISSC members is endorsed by BOKI Management Committee and approved by the Higher Shariah Authority (“HSA”) of the Central Bank of UAE (“CBUAE”) and the General Assembly of the Bank. The ISSC operates according to the resolutions, standards, and guidelines issued by the Higher Shariah Authority of the Central Bank of the UAE (HSA).