Rather than maintain one Shariah Supervisory Board for all of its projects, Shariah Capital draws upon the top tiers of internationally-recognized Shariah scholars to form a separate Shariah Board for each of its projects. This way, Shariah scholars are convened with more efficiency to work on projects best suited to the particular areas of their expertise. It's a process which ensures that the right scholars, in the right numbers, develop, certify and supervise the financial products and services endorsed by Shariah Capital. This executive level of Shariah capability likewise ensures that Shariah Capital's products and projects are guided by the standards for Shariah supervision set by the Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI) where Shariah Capital is an active member.
All members of Shariah Capital's Shariah Supervisory Board are members of AAOIFI's Shariah Board.
Shaykh Yusuf Talal DeLorenzo, Chief Shariah Officer at Shariah Capital, will act as the executive representative for each Shariah Board.
Shariah Capital's Shariah Supervisory Board Members
Sheikh Nizam Yaquby (Bahrain), Chairman
Shaykh Yusuf Talal DeLorenzo
Dr. Mohd Daud Bakar (Malaysia)
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