Oman firm hires SRB for Shari'a advice
Manama, February 17, 2013
Al Khonji Real Estate & Development (Aqar) of Oman has hired the services of Shariyah Review Bureau (SRB), a leading international Shari’a advisory firm, to advice and supervise its transactions as per Shari’a principles.
Mohamed Al Khonji, chairman and CEO of Aqar, said the company has decided to spread its wings in the real estate market while ensuring it is truly Shari’a compliant.
“As an stablishment with a strong footprint in the real estate market of Oman, we have made strong efforts to ensure our business complies with the glorious laws of Shari’a," he said.
The appoinment of Shariyah Review Bureau is another strategic endeavour to develop an enterprise-wide Shari’a compliant framework, which would cover compliance with Islamic laws across all function streams of Al Khonji Holding, he said.
Yasser Dahlawi, CEO at SRB said: “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.”
He said he was excited by SRB's engagement with Al Khonji Real Estate & Development.
SRB is the corporate world’s leading Shari’a advisor with scholarly presence in seven countries from Middle East, North Africa and Asia. - TradeArabia News Service
More Finance & Capital Market Stories
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards
- ADIB offers smartphone industry investment
- Gulf Finance House to start $3bn Tunisia project
- KFH completes ICT project upgrade
- Egypt urban annual inflation slows to 9.8pc
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013