The Shariah Supervisory Committee

Standard Chartered's Islamic Banking operations in UAE are supervised by an independent Shariah Supervisory Committee. The Committee regularly reviews and appraises the products, the transactions structured by Standard Chartered Saadiq. The Committee currently comprises two of the world's most renowned and respected scholars on Islamic Banking:

Sheikh Nizam YaqubiSheikh Nizam Yaquby

Sheikh Nizam Yaquby was educated in the classical Shariah sciences in his native Bahrain and in Makkah. He received his Bachelors in Economics and Comparative Religion from McGill University, Montreal, Canada. Since 1976, Sheikh Yaquby has taught Tafsir, Hadith and Fiqh in Bahrain. He is a Shariah Advisor to several international and local financial institutions worldwide. He is also the author of several articles and publications on Islamic Finance.

Sheikh Nizam YaqubiDr Mohamed Ali Elgari

Dr Mohamed Ali Elgari holds a PhD in Economics from the University of California. He is also a Professor of Islamic Economics and the Director of the Centre for Research in Islamic Economics at King Abdul Aziz University in Saudi Arabia. Dr Elgari is also an expert at the Islamic Jurisprudence Academy (OIC), Jeddah and has published several articles and books on Islamic Finance. He is a Shariah advisor to several international and local financial institutions worldwide.