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Shariyah Review Bureau Receives GoodWell Certification in Bahrain

Shariyah Review Bureau Receives GoodWell Certification in Bahrain

Sharia Advisory firm receives business tribute in promoting a fair and equitable workplace opportunities for its employee’s in the Kingdom

Shariyah Review Bureau (SRB) proudly announces the receipt of GoodWell’s Certification for a fair employee promoting enterprise. US based GoodWell’s certification process requires a detailed analysis on 11 key metrics related to the treatment of employees and SRB exceeded all these thresholds.

The Bahrain based Sharia Advisory is one of just 12 companies so far to have received this prestigious accreditation. The certificate has been developed to identify companies around the world which offer the most fair working conditions for its people both personally and financially. The program is carried out by GoodWell, using an independent metrics-based performance system that strengthens employee satisfaction by certifying fair, equitable, sustainable and humane workplace practices.

“Receiving this certification is a great achievement and honor for us,” said Yasser S. Dahlawi, CEO of Shariyah Review Bureau, “we have worked hard in creating a conducive workplace for our people, an environment where they can grow and realize their ambitions.” “And we will continue to focus on building a better quality workforce drawn from a fair and ethical practice of engagement that operates like a partnership.”

“Our people are the most valuable asset of our organization and it is because of them that the quality of our service, business success and market leadership has allowed our business to grow rapidly” said Mansoor M. Ahmed, AGM at SRB. ” We will ensure that they remain our top priority in everything we do.” Commenting on GoodWell’s independent Certification processes he added “it is essential to all companies around the world as their metrics help inspire a healthy corporate dialogue on the professional diversity and financial mix of the company’s workforce. Their Certificate exemplifies a positive, fair, and winning workplace which puts people on a nondiscriminatory platform.”

Each year, GoodWell will assess the financial and professional practices of SRB in relation to its people regarding accomplishments within the key disciplines like Employee Sentiment, Average Employee, Job Function Management, Annualized Attrition Succession Rates, Average Employee Benefits.

Sharia Supervisory Board

The challenging regulatory environment of Sharia compliant financing, increasing Islamic product complexities and customer demand for faster certification of documents is forcing the Islamic financial industry to rethink the way Sharia Supervisory Boards (SSB) are managed.

To cope with this constantly evolving regulations and existing needs of setting up SSB’s and the ensuing review and certification of transactions, we have developed our services as of solution for your company. We will help you meet all requirements for Sharia scholars assignment, administration and regulation and will also work with you to satisfy governance and Sharia controls, working within your existing business make-up.

Why our SSB service is the best choice for you 

We are committed to delivering an SSB service that adds value – our independent partner-led service gives you much more than just your annual meetings with the scholars. Our service identifies the right scholars for your needs and assembles them to setup the Sharia Supervisory Board (SSB) for your Company. We then assign a dedicated Sharia Manager as a focal point for you to liaise with and to help support you in implementation of the SSB’s guidance and rulings. Over the years we have designed many techniques to develop procedures that are tailored to the needs of each of your requirements, spanning from quick SSB investment solutions to product approval delivery in a matter of days, to large project structuring.

What type of regulatory Support do we offer? 

To help you tackle central regulatory challenges and comply with their Sharia governing directives we offer a one stop solution that delivers the compliance and peace of mind you need at a cost you can afford. The core of our solution is an in-house team that can be seamlessly integrated into the value chain of your organizations regulatory mandate. Additionally, we’ll support your regulatory goals with:

  • Filing the Governance Structures along with appointment, remuneration and dismissal procedures;
  • Drafting of Internal Control procedures between the SSB and key business activity;
  • Coverage of SSB Conflict Management Policy, Principles and Implementation;
  • Documenting the oversight process of application of Product rulings and Guidelines;
  • Submitting the system of management and containment of Sharia breaches;
  • Designing the SSB’s review as per GSIFI No. 2 of the AAOIFI Governance standards.