Seminar on the Roles and Responsibilities of Shariah Boards in Saudi Financial Institutions in Light of Shariah Governance Frameworks and Directives Issued by Regulatory Authorities in the Kingdom

Seminar on the Roles and Responsibilities of Shariah Boards in Saudi Financial Institutions in Light of Shariah Governance Frameworks and Directives Issued by Regulatory Authorities in the Kingdom

The Shariah Committee Secretariat at Alinma Bank organized a seminar on the roles and responsibilities of Shariah boards in Saudi financial institutions in light of Shariah governance frameworks and directives issued by regulatory authorities in the Kingdom. The seminar was attended by experts in Shariah committee secretariats, development, governance, and Shariah auditing in banks and Saudi financial institutions.

 

The seminar included specialized sessions for discussing "Shariah Committee Secretariats, Studies, and Research" and "Mechanisms and Procedures for Developing Shariah-Compliant Products" and "Internal Shariah Supervision Mechanisms" according to the latest practices in financial institutions.

 

This seminar is organized in line with the bank's commitment to active participation in serving the financial and banking sector according to the directives of regulatory authorities in the Kingdom, represented by the Saudi Central Bank and the Capital Market Authority, in line with the initiatives of the Financial Sector Development Program within the Kingdom's Vision 2030.