Internal Sharia Supervision Committee (ISSC)

  • Internal Sharia Supervision Committee (ISSC)

    The ISSC is responsible for ensuring that Ajman Bank’s activities are in compliance specifically with AAOIFI Sharia Standards and generally with the Sharia laws and principles. The ISSC meets at least four times a year or as frequently as required. All day to day activities and urgent matters referred to the Executive Member of the ISSC.

    The ISSC is entrusted with the duty of providing advice and reviewing all products and services with the relevant contracts and agreements relating to the Bank’s transactions to ensure that the Bank’s activities are at all times consistent with the principles of Islamic jurisprudence. The ISSC is responsible to the General Assembly and submits an annual report for their consideration post approval of the annual report by the Higher Sharia Authority of the UAE Central Bank. 

    Ajman Bank Internal Sharia Supervision Committee (ISSC) members are highly reputed Sharia Scholars with intensive experience in Fiqh-al-Muamalaat, Law, economics, banking and financial systems.

    The member of the Internal Sharia Supervision Committee (ISSC) of Ajman Bank as follows: 



 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 

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