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The Head of Internal Shari'a Audit function is responsible for examining and evaluating the extent of the licensee's compliance with the following:

(a) Shari'a principles;
(b) The SSB's Fatawa, guidelines, pronouncements and instructions/recommendations;
(c) Shari'a related regulations, resolutions and directives issued by the CBB;
(d) Shari'a standards issued by AAOIFI; and
(e) Shari'a related policies and procedures of the Bahraini Islamic bank licenseeG .
Added: October 2018
(1 Version)
Oct 1 2018 onwards
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