Shariah Information

Gulf Finance provides Sharia compliant financing products which are; Ijara Financial Lease, Ijara Productive Asset and Ijara for SME; under "Ijarah" methodology which is reviewed and approved by Sharia advisors on annual basis.

Gulf Finance accordingly engaged with the Sharia Review Burea “Sharia Advisor”  to closely monitor the companies activities and supervise the commissioning processes for the company.

Moreover, The Shariah Review Bureau appointed two leading Shariah scholars; who represent the Shariah Board of the Company: 

Sh. Muhammad Ahmad, who has over 10 years of experience as a Shari’a consultant and academic in various parts of Islamic finance. He has worked predominantly in the financial services along with retail and investment banking and has expertise in corporate advisory and real-estate funds. Sheikh Muhammad works extensively with leading global and domestic financial institutions across the GCC. His work ranges from redesigning conventional Sukuk, organizational structures of funds in the banking, insurance and private equity sector. He procured his Masters (A’alamiyah) in Fiqh and Usool ul Fiqh from Jami’ah Ahsan Ul Uloom and procured Bachelors in Islamic sciences from Jamia Dar-ul-Uloom.

Dr. Salah Fahad Al Shalhoob, who is a Sharia scholar who procured his PhD from Edinburgh University (UK) and Masters from Al Imam University (KSA). He has led a broad range of engagements in the US, Europe and the GCC with a focus on banking and investment products, real-estate acquisitions, Islamic Insurance management, listed securities and private equity fund. His product based experience spans sukuks, home mortgages, leasing, SME Financing and asset management transactions. He is an Assistant Professor at Islamic & Arabic Studies College of Applied Studies at King Fahd University of Petroleum & Minerals & has written several research papers.

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