Shariaa Board

Charter of Shariaa Supervisory of the United Bank

The Shariaa Supervisory board at the United Bank is a separate and an independent unit appointed by the board of directors. It consists of senior Muslim scholars who have in-depth experience and specialization in legal, financial and banking matters.

The Shariaa Supervisory board provides consultations in all banking transactions executed by the bank in order to ensure that all transactions are in compliance with Shariaa rulings, fatwas and recommendations.

The board is also responsible for reviewing, approving and supervising all contracts, agreements and products provided by the bank. At the same time, it works closely with all the bank’s administrative units to create dynamic, innovative and Islamic financial solutions.

The United Bank Shariaa Board Members Biography:

Shariaa Board Members

H.E. Sheikh Dr. Ali Goma

Chairman of the Sharia Board - The former Grand Mufti of Egypt and a Senior Scholars Council Member.

H.E. Sheikh Dr. Magdy Ashour

Vice Chairman of the Sharia Board - The Academic Advisor to the Grand Mufti of Egypt.

H.E. Sheikh Dr. Amr Al-Wardani

A Sharia Member - The Secretary of the Fatwa Council at the Egyptian Dar Al- Ifta.

Mr. Alaa El Safty

A Sharia member - The Head of Islamic research center at the United Bank of Egypt

Mr. Hazem Hassan

A Banking Member - Head of Islamic Corporate Banking. A Banking Member

Mr. Mohamed Hassan

Secretary of the Sharia Board - Research manager of Islamic Economic center