Central Bank Hosts first meeting of the new Higher Shari'a Authority
- His Excellency Mubarak Rashed Al Mansoori
- His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, Chairman.
- Prof. Dr. Jasim Ali Al Shamsi, Board Member.
- Dr. Issam Muhammad Ishaq, Board Member.
- Dr. Oznan Hasan, Board Member.
- Dr. Usaid Muhammad Adeeb Al Kilani, Board Member.
- Issue Fatwas and ensure the legitimacy of the products, services, and activities of the institutions providing Islamic services.
- Introduce and approve new and existing Sharia Standards and uniform documents related to best practices for global Islamic financial services.
- Notify the Central Bank of the UAE of Sharia matters concerning preventive systems related to global Islamic financial services, as well the Sharia-compliant instruments and ways for developing the same to help the Central Bank in aspects pertaining to banking and monetary management.
- Conduct Sharia research regarding Islamic financing and ways of supporting it.
- Communicate and cooperate with other international organizations that currently set Sharia regulations and standards for Islamic financial services.
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