Al Masraf Islamic Banking Services offer a comprehensive financial products that suits your business requirement under the Shariah compliant solutions
His Eminence Sheikh Prof. Dr. Jassim Ali Al Shamsi
Chairman of the Committee and Executive Member
His Eminence is a member of the Higher Shari’ah Authority of the Central Bank of the UAE in its first formation in the year (2018 – 2021) and second formation in the year (2021 – 2024). He also currently chairs the Presidency and membership of the Internal Shari’ah Supervision Committee of several Islamic financial institutions. His Eminence Previously chaired the position of Dean of Shari’ah and Law collage at the UAE University.
His Eminence Sheikh Dr. Ali Husain AlJunaidi
Member of the Internal Shari'ah Supervision Committee
His Eminence is Associate Professor in the Department of Shari'ah and Islamic Studies at the United Arab Emirates University, holds Ph.D In Islamic Jurisprudence and its Foundations "Al-Figh and Usoolah" from the University of Jordan. He also currently chairs the Presidency and membership of the Internal Shari'ah Supervision Committee of several Islamic financial institutions in the UAE.
His Eminence Sheikh Dr. Mohammed Ahmed Al Hamed
Member of the Internal Shari'ah Supervision Committee
His Eminence is a lecturer at the United Arab Emirates University, and holds a Ph.D in comparative jurisprudence from Omdurman Islamic University as well as a Ph.D in commercial law from Gloucestershire University - United Kingdom. He has peer-reviewed and published research in jurisprudence and Islamic banking, and he has also supervised on many scientific researches in the same field. He is currently a member of the internal Shari'ah Supervision committees of several Islamic financial institutions in the UAE.
| Account Type | 1st Quarter 2023 | 2nd Quarter 2023 | 3rd Quarter 2023 | 4th Quarter 2023 |
|---|---|---|---|---|
| Saving Accounts |
0-1 million - 0.2682% 1-10 million - 0.2801% |
0-1 million - 0.7034% 1-10 million - 0.7346% |
0-1 million - 0.4458% 1-10 million - 0.4656% |
0-1 million - 0.1466% 1-10 million - 0.1531% |
| Account Type | 1st Quarter 2024 | 2nd Quarter 2024 | 3rd Quarter 2024 | 4th Quarter 2024 |
|---|---|---|---|---|
| Saving Accounts |
0-1 million - 0.3622% 1-10 million - 0.3783% |
0–1 million - 0.2167% 1–10 million - 0.2264% |
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- - |
During signing the appointment letters with the Internal Shari’ah Supervision Committee members after their election for a new term in the ISSC Meeting No. 2/2024 that was held physically in Dubai on 11/06/2024, and the meeting was attended by:
• Mr. Nabil Al Khoori - Head of the Islamic Banking.
• Dr. Samya Bakheet Al Nahdi - Head of the Internal Shari’ah Control Dept.
• Mr. Magomed Gazimagomedov - Head of the Internal Shari’ah Audit Dept.
• Ms. Asya Ali Naser Alryashi - Internal Shari’ah Control Dept.
