Sharia fatawa

Safwa Islamic Sharia Supervisory Board oversees the development of the Bank’s products and services. In addition to its contribution in enhancing the bank’s progress by issuing fatwas and directives in daily transactions and ensuring that all bank transactions comply with the principles of Islamic Sharia.

New products during 2019 and their related fatwa

Fatwas for rentals

Approval of the Sharia Supervisory Board

Fatwas related to several matters

Fatwas on Murabaha

Fatwa on the lease -to-own vehicle product

Fatwa on Housing financing with a fixed return

Fatwa on Offset Account