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Shariah Supervisory Committee
To ensure that Standard Chartered Saadiq products comply with the principles of Shariah, we consult an independent committee comprising three of the world's most renowned Shariah Scholars - Dr. Abdul Sattar Abu Ghuddah, Sheikh Nizam Yaquby and Dr. Mohamed Ali Elgari.
We develop all our Islamic banking products with guidance from these three independent experts, securing their approval before we offer the products to our customers.
Our Shariah advisors
Dr. Abdul Sattar Abu Ghuddah
Dr. Abdul Sattar Abu Ghuddah holds a PhD in Islamic law from Al Azhar University Cairo, Egypt. He is Professor of Fiqh, Islamic studies and Arabic in Riyadh and an active member of the Jeddah-based Islamic Fiqh Academy and the Accounting & Auditing Standards Board of Islamic Financial Institutions. He also served in the Ministry of Awqaf, Kuwait.
Dr. Abu Ghuddah has written several books on Islamic finance. He holds the positions of Shariah advisor and director for the department of financial instruments at Al-Baraka Investment Co. of Saudi Arabia.
Sheikh 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 world-wide. He is also the author of several articles and publications on Islamic finance.
Dr. Mohamed Ali Elgari
Dr. Mohamed Ali Elgari holds a Ph.D. in economics from the University of California and is 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.
In-house Shariah department
In addition to our Shariah Supervisory Committee, the Bank has an in-house Shariah department to facilitate and support our product development and origination teams. We develop all our Islamic banking products with guidance from these experts, securing their approval before we offer the products to our clients.
Islamic Personal Banking
Choose from a wide range of best-in-class products that comply with the principles of Shariah.
Islamic Priority Banking
We provide world class banking services in line with your Islamic principles.
Islamic Business Banking
We can help you build your business while respecting your beliefs.