The SSB is responsible for ensuring that EIIB’s activities are in compliance with Islamic Sharia’a laws. The SSB meets at least once a year or as frequently as required.

The Sharia'a Supervisory Board is entrusted with the duty of providing advice and reviewing all forms of contracts and agreements relating to the Company’s transactions to ensure that the Bank’s activities are at all times consistent with the principles of Islamic jurisprudence. Its responsibilities include considering, at least annually, EIIB’s compliance with Sharia’a opinions and guidelines issued by the SSB. The SSB is responsible to the Board and submits an annual report for their consideration. It is therefore not a ‘‘supervisory board’’ as that term is commonly used in continental Europe.

The SSB comprises three members appointed by the Board. The SSB is an independent body of recognized specialised scholars in Islamic commercial jurisprudence. The majority are scholars from the Fiqh Academy of Jeddah. The current members of the SSB are:

Dr Abdul Sattar Abu Ghuddah >

Dr Abdul Latif Mahmood Al Mahmood >

Sheikh Nizam Muhammad Seleh Yacouby >