Bupa Arabia for Cooperative Insurance today announces that it has extended its engagement contract with Shariyah Review Bureau, a leading provider of Sharia advisory and Sharia audit solutions. SRB has been serving Bupa for a decade providing Sharia advisory services, including insurance policy review, investment evaluation and Sharia audit, to its healthcare business. Bupa Arabia remains at the forefront as one of the top Cooperative insurance operators in the Kingdom of Saudi as it provides distinguished and unprecedented services under the “Tebtom” and “Rahatkom” programs.
Tal Nazer - CEO, Bupa Arabia commented: “Being in the Healthcare business, we take all aspects into account to make a difference in people’s lives. Serving the larger community with our people centric programs, we have also been assuring our investors and shareholders, by continuing to engage with reputed firm like SRB who strives for excellence when it comes to Sharia advisory & audit.” Tal Nazer added, “SRB has helped us administer and strengthen our Sharia compliance base, performance and scale in terms of ensuring compliance with Sharia guidelines.” “We hope that this next step we are taking together into the next decade will help us uncover insights about Sharia assurance and positively impact the cooperative insurance experience.”
Shariyah Review Bureau (SRB) is a leading Sharia Advisor with scholarly presence in more than 16 countries from US, Europe, Africa, GCC and Asia. This year’s engagement with Bupa Arabia marks a 10-year anniversary between both the entities.
Yasser S. Dahlawi, Founder and CEO of SRB said, “We are proud to be engaged with one of the leading names in Co-operative insurance for a decade. Delivering assurance through our Sharia advisory, certification and Sharia audit services, we have been strengthening the relationship year on year by providing the confidence to Bupa’s investors and stakeholders.”
The scope of the engagement entails setting up the Sharia Board, reviewing policies, contractual agreements, claims, screening financial and investment transactions of the company in light of Sharia principles and rulings.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
