• Internal Sharia Supervision Committee (ISSC)

  The Internal Shariah Supervision Committee (ISSC) of Ajman Bank is responsible for ensuring that the Bank’s activities comply with the standards and guidelines of the CBUAE Higher Shariah Authority, the Shariah standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and, more broadly, Shariah laws and principles. The ISSC meets at least six times annually, or as often as necessary. Routine matters and urgent issues are referred to the Executive Member of the ISSC for timely resolution.

  The ISSC’s responsibilities include providing advice and reviewing all products, services, and related contracts and agreements to ensure compliance with Islamic Shariah. The ISSC is accountable to the General Assembly and submits an annual Shariah report for their consideration, following approval by the Higher Shariah Authority of the UAE Central Bank.

  The members of the Ajman Bank Internal Shariah Supervision Committee are highly reputed Shariah scholars with extensive experience in Fiqh al-Muamalat, law, economics, banking, and financial systems.

  The honourable members of the Internal Shariah Supervision Committee of Ajman Bank are:

  • Prof. Dr. Jassim Ali Al-Shamsi, Chairman & Executive Member – ISSC   
  • Dr. Ibrahim Al-Mansoori, Member – ISSC  
  • Dr. Yasser Hassan Ali Shihab Al Hosani – Member, ISSC
   

 Annual Sharia General Assembly Report Arabic Annual Sharia General Assembly Report English Shareholders Zakat Notification

Internal Sharia Control Internal Sharia Audit Internal Sharia Supervision Committee

Fatawa of Internal Sharia Supervision Committee of Ajman Bank