CBUAE urges Islamic banks to appoint UAE nationals as trainee Shari'ah supervisors
The Central Bank of UAE's Higher Shari'ah Authority has urged Islamic financial institutions to appoint UAE nationals as trainee members on internal Shari'ah supervision committees and mandated specific training and development programs for them. This directive affects all Islamic banks, finance houses, and Shari'ah-compliant financial services providers operating in the UAE.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Islamic financial institutions must appoint UAE nationals as trainee members on internal Shari'ah supervision committees and establish the mandated training and development programs as specified by the CBUAE.
Source
“The Higher Shari'ah Authority at the CBUAE has urged Islamic financial institutions to appoint UAE nationals as trainee members on internal Shari'ah supervision committees and mandated specific training and development programs for them.”
— Central Bank of UAE, 24 Aug 2022
Source: Central Bank of UAE — official 24 Aug 2022 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Islamic financial institutions must appoint UAE nationals as trainee members on internal Shari'ah supervision committees and establish the mandated training and development programs as specified by the CBUAE.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
24 Aug 2022.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/the-higher-shari-ah-authority-at-the-cbuae-urges-islamic-financial-institutions-to-appoint-uae-nationals-as-trainee-members-in-the-internal-shari-ah-supervision-committees-and-requires-certain-training-and-development-programs-for-them/
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