New Appointment to DDCAP’s Sharia’a Supervisory Board

DDCAP is delighted to announce the appointment of leading Malaysian Scholar Professor Dr. Mohamad Akram Laldin to its Sharia’a Supervisory Board (“SSB”).

DDCAP’s SSB was originally convened in March 2013, comprising the following esteemed Sharia’a Scholars:

Sheikh Abdullah Bin Suleiman Almaneea (Chairman)
Sheikh Dr. Abdullah Almutlag
Sheikh Dr. Mohamed Ali Elgari

DDCAP embarked upon this exercise to demonstrate its on-going desire to subject the substance and integrity of its business and service provision to regular Sharia’a review and validation at the highest level. The appointment of Dr. Akram provides further evidence of DDCAP’s commitment to fully support the ongoing development of the global Islamic Finance industry.

The inaugural SSB visit to London for the purpose of conducting a thorough review took place in March 2013. The SSB subsequently convened in June 2013 to reconfirm the audit processes and the issuance of the Fatwa during an open forum hosted by DDCAP in Riyadh, Kingdom of Saudi Arabia. At this time, the SSB also issued a Fatwa in support of DDCAP’s Asset Facilitation Platform.

Subsequent to the inaugural review and verification completed in 2013, which culminated in the issuance of a Fatwa, the SSB convened in March 2014 and most recently in March 2015 to conduct its annual review and reconfirm the verified processes. On completion of these subsequent reviews the SSB issued a new Fatwa.

This annual review process, now involving the expanded 4 Scholar Board, will continue moving forward.

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