Shariah Group
As a key pillar of the Company’s framework, the Shariah Committee plays a vital role in upholding the integrity and authenticity of its Islamic financial offerings.
Objectives
Statement of Shariah provisions in all company transactions
Ensuring the company's application of Shariah provisions in all its dealings
Advice and guidance for the company to achieve the Sharia objectives.
Shariah Guidelines for Trading and Investment in Stocks
Shariah Committee Tasks
- Clarifying Shariah provisions in all company’s financial and investment transactions
- Appointment/removal of Shariah controllers in the company
- Verifying company’s commitment to the decisions of the Committee, ensuring their implementation properly
- Providing advice and guidance to the company to maintain Shariah orientation in all its transactions
- Receiving feedback and issues relating to the Shariah aspects inside and outside the company
- Adoption of the policies and standards of the Committee
- Reviewing the supervisory reports and issuing the necessary actions thereof
- Preparing the annual statement about the Shariah performance and the results reached by the Committee
- Developing Shariah policies to which the company adheres in its dealing
Al Rajhi Capital Publications
The Merger of multi-contracts in Islamic Sukuk
A foundational study based on practical applications of various combinations of contracts and promises in sukuk, with clarification of the Shariah controls for such structuring
Zakat on Financial Securities
A study on the impact of investment decisions on zakat, their rulings on financial securities, and an evaluation of the current zakat calculation practices
Deduction of Debts and its contemporary forms (A jurisprudential applied study)
A study of the contemporary images relating to the debts deductions by Compiling them and returning them to their Sharia origins, explaining their rulings, grouping the similar images together, and distinguishing between the divergent ones