Durban, South Africa - Leading Shariah Advisory and Investment Firm, Global Islamic Financial Services Firm confirmed a clean and successful Shariah Audit of Lendcor PTY (LTD). The company complied with all recommendations and policies from a Shariah Audit and Governance perspective, this stated by Wayne Austin, chief financial officer of GIFS.
Lendcor offers Home Improvement Facilities on Murabaha basis to clients in South Africa. Mufti Ismail Desai, CEO of GIFS stated that "The issuance of a Shariah Audit Certificate to Lendcor lends further credibility to the Islamic Finance Industry in South Africa and enhances the level of transparency for Shariah Compliant Products offered in the Market. We must continue to raise standards from a Shariah Audit/Governance perspective to enhance the level of overall and general compliance of product offerings."
About GIFS:
Global Islamic Financial Services Firm propriety limited (gifs) is a South African based company specialized in providing Sharīàh Advisory services, supervision, Sharīàh auditing and human capital development. GIFS provides a superb quality of Sharīàh advisory and training to Financial Institutions who wish to cater for Islamic Finance Products to their clientele. We offer a diverse range of customized and tailored Shariah Consultancy Services which are seamlessly integrated into practical solutions that suits our clients complex and diverse business needs. Our advisory board comprises of experienced scholars and financial experts who bring their expertise and insight to meet our client’s needs.
Our Islamic finance network benefits from being able to draw on the broad experience of bankers, lawyers, tax and corporate advisors across our global network who have advised on a range of Islamic finance transactions in jurisdictions throughout Africa, Europe, the Middle East and Asia.
Mobile: 0027 71 683 8921
Email: ceo@islamicfinancialservices.co.za
Physical Address: 21 Aurora Drive,
Umhlanga Ridge,
Durban, KZN,
South Africa and Standard Chartered Tower,
Downtown Dubai,
UAE
© Press Release 2017
