We're committed to Shariah Law
Compliance with Islamic Shariah principles is at the forefront of Tabby's values and are upheld in accordance with Shariah Laws.
We are committed to complying with Shariah governance practices, such as (but not limited to), the establishment of a Shariah Committee, independence of pronouncement, administration of Shariah audit and Shariah reporting.
To achieve this, we have appointed Shariyah Review Bureau (“SRB”) to help us adhere to the best practices and guidelines on Shariah governance. In this role, SRB will facilitate Shariah related discussions, product research, and Shariah reporting while working with the head of functions to augment Shariah principles and rulings at different levels of the organization. SRB will also help ensure that the members of the Shariah Committee operate with independence and autonomy and warrants effective decision-making and Shariah assurance practices.
supervision, two renowned and qualified Sharia scholars
have been assigned. The Sharia Committee independently issues
pronouncements, and these rulings are binding onus.
The names of the Sharia Committee members are provided below:
He has over 15 years of experience in the field of Islamic banking and contemporary financial transactions Fiqh. He is an associate professor of Islamic Fiqh at King Fahd University of Petroleum and Minerals and a professor of graduate studies at Imam Abdulrahman bin Faisal University in Dammam. He holds a Master's and PhD from the Higher Judicial Institute in Riyadh. He is a member of the Shariah board of a group of Islamic financing companies and financial institutions. He provides Shariah consultations in the field of Islamic Finance and Takaful Insurance. He has numerous research papers and books, and he is a member of the Scientific Society of Fiqh in Riyadh. He has presented papers at many conferences and seminars in the field of Islamic Finance and Banking. He is a former member of the Sub-Shariah board in Riyadh for the (AIOIFI) institution and has conducted many training courses for Shariah board members, lawyers, judges, and academics.
Shaikh Salah is a Sharia scholar who procured his PhD from Edinburgh University (UK) and Masters from Al Imam University (KSA). He has led a broad range of engagements in the US, Europe, and the GCC, focusing on banking and investment products, real-estate acquisitions, Islamic, Insurance management, listed securities, and private equity fund. His product based experience spans sukuks, home mortgages, leasing, SME Financing and asset management transactions. He is currently a faculty member at the Saudi Electronic University, Riyadh. Before that, he was a faculty member and director of the Islamic Banking and Finance Center at King Fahd University of Petroleum and Minerals in Dhahran.
