Aqar hires services of Shariyah Review Bureau
- Oman: Tuesday, February 19 - 2013 at 12:25
- PRESS RELEASE
Al Khonji Real Estate and Development (Aqar) signed that it has hired the services of Shariyah Review Bureau (SRB), a leading international Shari'a Advisory firm to advice and supervise its future course of actions and transactions in light of Shari'a principles.
"As a formal establishment with a strong footprint in the real-estate market of the Sultanate of Oman we have made strong efforts to ensure our business comply with the Glorious laws of Shari'a. And our assignment of Shariyah Review Bureau is another strategic endeavor to develop an enterprise-wide Shari'a compliant framework, which would cover Compliance with Islamic across all function streams, of Al Khonji Holding," he added.
Mr. Yasser Dahlawi, CEO at Shariyah Review Bureau commented, "Shari'a is a priority for all Muslims and we are committed to deploying and certifying businesses and their transactions from a Shari'a perspective."
adding, "He was excited by Shariyah Review Bureau's engagement with Al Khonji Real Estate & Development (Aqar)."
He also said, "The size and complexity of Shari'a compliance in all domains from real-estate to capital markets and sukuk financing continue to grow with their respective flows of Zakah Calculations becoming more and more intricate. This is particularly significant in the GCC where the volumes of Islamic investments are rising unabated with the Industry demanding better Transparency, Accountability, and Accuracy in the Shari'a Compliance reporting. To provide this assurance we focus on supervising businesses from a Shari'a audit perspective and maintaining a higher level of Shari'a control rather than serving only as a Shari'a Advisor outsourcer. I strongly believe that our company is in a unique position to provide and maintain Shari'a Compliance for Al Khonji Holding, and I am looking forward to contributing towards building their Islamic business in the Sultanate of Oman."
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.