Osoul Modern has announced the signing of the Shari’ah advisery agreement with Shariyah Review Bureau (SRB) to help create new value in its Islamic financing solutions.
To ensure seamless Shari’ah compliant performance, Saeed Ahmed Baghlaf, managing director and board member of Osoul Modern said, “We are building our financing capabilities for the future. We have been working hard to create unmatched offerings to attract SME’s vital to the kingdom’s economy. With a focus on enhancing our corporate financing portfolio programs we seek to provide unique class opportunities which help finance essential service projects in Saudi Arabia.”
Speaking about the selection of SRB, Saeed added, “We are pleased to be teaming up with SRB, the fastest growing Shari’ah advisory firm in the Middle East. This engagement will provide Shari’ah compliance assurance to our customers and create exciting new opportunities for innovative products that comply with Shari’ah.”
Designed to provide financial institutions with exposure to Shari’ah advisory services, SRB is committed to empowering Shari’ah compliance transformation in services such as review, certification, Shari’ah audit and Shari’ah consultation. By selecting SRB for its integrated Shari’ah compliance management platform, Osoul Modern will now have access to an enterprise-grade Sharia scholarly and Sharia audit infrastructure along with deep Islamic financial knowledge and extensive industrial practices.
SRB provides clients with a dedicated team of Islamic financial expertise and a deep knowledge base made up of 27 Shari’ah scholars and Shari’ah auditors. “This direct access to experts and scholars helps empower every person, team and business within an organisation to bring together new insights and drive faster Sharia approvals so as to seize new growth and opportunities,” said Yasser S. Dahlawi, CEO, of SRB.