Verification of Compliance of Islamic Banking with Shari'a
For your Shuraa activity review, use code 7412-03 to identify Verification of Compliance of Islamic Banking with Shari'a within DWTC Free Zone. Compare the supplied record with the work your company intends to undertake.
Activity code 7412-03
Listed activity name: Verification of Compliance of Islamic Banking with Shari'a
- Activity code
- 7412-03
- Jurisdiction
- DWTC Free Zone
- Licence type
- Professional
- Group code
- 7412
Activity description
Includes studying and reviewing the transactions of the Islamic banking and financial institutions to ensure compliance with Shari'a, providing Islamic solution to any problem occurs, applying Islamic quality specifications to banking transactions, introducing new Islamic financial products to replace existing bank products as an effort to meet the increasing need for Islamic oriented financial products, the minimal qualifications required is bachelor degree in Shari’a or or related discipline, along with three years hands-on experience from Islamic bank or Islamic financial institution.
Additional requirements
No Additional NOCs Required
Authority reference: DWTC activities and licences. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
Discuss your licensing questionsPublished by Shuraa Business Setup. This is an independent research directory, not a licensing decision. Data sources and limitations.