Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
The Higher Sharia Authority at the Central Bank Held Its Forth Meeting
 
The Higher Sharia Authority at the Central Bank Held Its Forth Meeting

Dubai, UAE, July 02, 2018:   The Higher Sharia Authority (HSA) for financial and banking activities in the UAE held its forth meeting on 24th -25th June 2018. The meeting was chaired by His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, the Chairman Higher Sharia Authority, and attended by Their Eminence the members of the HSA, Sheikh Prof. Dr. Jasim Ali Al Shamsi, Sheikh Issam Muhammad Ishaq,Sheikh Dr. Oznan Hasan, and Sheikh Dr. Usaid Muhammad Adeeb Al Kilani. 

The HSA discussed a number of matters related to prudential standards and guidance for the banking system in the UAE. The HSA passed a number of resolutions and directives related to the Sharia aspects of these standards taking into consideration the requirements of Islamic financial institutions (IFIs).
 
The HSA has also discussed the draft standard regarding Sharia governance of Sukuk issuance, regulating the Sharia procedures of this important Islamic financial instrument.
 
Based on the recommendations adopted by international bodies to promote Sharia governance in IFIs, the HSA reviewed a draft standard on External Sharia Audit for Islamic financial institutions, in line with the application of international best practice.
 
In order to issue a comprehensive Sharia governance standard, the HSA also discussed additional standards for Sharia governance concerning independence, consistency of opinions and charters that organize the work of internal Sharia control committees in the IFIs.
 
The HSA completed the discussion of the remaining topics listed on its agenda, as well as other topics, and took appropriate decisions in this regard. 
 


Posted by : Dubai PR Network Editorial Team
Viewed 3916 times
PR Category : Banking & Investments
Posted on : Monday, July 2, 2018  12:00:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Buy to live or Buy to let?
Next Story : Central Bank of the UAE Holds its 5th Board of Directors Mee...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN” [16073-Views]
Get Your Summer Glow From Within [14616-Views]
Palmer's Coconut Oil Formula for Body and Hair [12584-Views]
Express Your Signature Style [12237-Views]
The Memovox Adventure [11157-Views]
Tissot Lepine It's making a comeback Vintage [9870-Views]
Cerruti 1881 Infinite Love [9492-Views]
OMEGA's second "Speedy Tuesday" sells in 01:53.17 [8662-Views]
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology [8375-Views]
The Lacoste Family Capbreton Collection [7765-Views]
Olivia Burton Watercolour Florals [7180-Views]
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year running [7174-Views]
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon [7015-Views]
New short indie movie ‘The Peril' is a wake-up call to parents about internet safety for k... [7009-Views]
Beat the heat with mini dresses [6594-Views]
Enjoy an all-day breakfast at Sophie's Café [5246-Views]
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable motorsport ... [5228-Views]
DKNY Fall 2018 [5222-Views]
Tissot T-Race Cycling An adrenaline-fuelled ride [5167-Views]
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall [5136-Views]
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Biennale Di V... [4929-Views]
Dubai Camel Racing Club Honours Al Tayer Motors [4788-Views]
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliver Excepti... [4758-Views]
Travel Light with Beauty Essentials from Glambeaute.com [4752-Views]
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for tourists and foo... [4685-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories