Shariyah Review Bureau W.L.L. (SRB) has been appointed by Lendo ("the Company") as the Shari'a Advisor to advise the Company with respect to the Shari'a compliant products (the "Products") interpretation and compliance with the Shari'a principles. Shariyah Review Bureau W.L.L. is a Middle East-based firm with an international scholarly platform of 35 reputable Shari'a scholars covering the major global Shari'a compliant markets, including Malaysia, Kingdom of Saudi Arabia, Algeria, Egypt, Qatar, UAE, Sudan and Kingdom of Bahrain.
Licensed by the Central Bank of Bahrain it provides Ancillary services covering Shari'a review, structuring, compliance certificates (fatwa), and Shari'a supervisory audit services. The Shari'a Supervisory Board appointed to review and certify the Products's documentation and activities of Lendo is Sheikh Muhammad Ahmad. SRB will also assign the Shari'a audit team to confirm its operations and investments align with the Shari'a principles and report that to the Shari'a Supervisory Board, BOD and stakeholders on an annual basis.
After issuing the annual Shari'a audit report, the SSB will issue their annual Shari'a Supervisory Board areport addressed to the BOD confirming the Shari'a compliance of the Products' transactions executed during the year.
