Gulf Finance Co. KSA has finalized today a Shariah Advisory partnership with Shariyah Review Bureau (SRB) to cover Shariah Board supervision for its large scale SME Financing, Production Assets and Financial Leasing solutions.
Gulf Finance is a Closed Joint Stock Company licensed by the Saudi Arabian Monetary Authority. It offers superior quality leasing facilities to multiple industries as well as high value added SME Financing services to customers throughout the Kingdom.
Outsourcing Shariah Advisory functions offers businesses with a level of flexibility that the traditional Shariah Supervisory Board set-ups cannot provide. Yasser S. Dahlawi, CEO of Shariyah Review Bureau states “The ability to reach Shariah Advisors on a daily basis can eliminate all time wasters from day to day operations, thereby enhancing the level of the businesses productivity and Shariah supervision”
The ability to hire remote Shariah experts for product structuring and Shariah Audit processes allows companies to concentrate on running their businesses and saves them from spending their time and energy on managing and administering Shariah audits and scholarly reviews. And it is this flexibility and freedom that makes outsourced Shariah compliance functions so beneficial to businesses.
Yasser believes that Shariah compliance if done right, it can be the key to unlocking the company true potential.
© Press Release 2016
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