Ajman Bank committed to ensure the business complying with Sharia Law and inspiring the Sharia values. Our In-house Sharia Compliance Division is directly reporting to the Internal Sharia Control Committee (ISCC) and performing a role of in-house Sharia controller.

Our in-house Sharia Governance & Compliance Division is extensively involved in:

• Assuring that all Islamic products and services are duly approved by Internal Sharia Control Committee (ISCC).
• Conducting review of all documents, contracts, process flows, product manuals, services and tariff of charges.
• Arranging periodic ISCC meeting for Sharia endorsement of the functions conducted by the Bank throughout the period.
• Liaising in the development and innovation of Sharia compliant products and structuring.
• Supervising Sharia Governance of all products and services offered by Ajman Bank.
• Conducting periodic Sharia Audit sessions and submitting audit report to ISCC and management of the Bank.
• Arranging Sharia training to the bank’s employees and internees.
• Attending/addressing customer’s Sharia related queries.
• Review of Bank financial report and profit distribution mechanism.
• Calculating Zakat, preparing Zakat Shareholder’s notification and Sharia certification of the Bank’s functions throughout the financial year for general assembly meeting.