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.

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.

Foursan Group Launches Islamic Private Equity Opportunity Fund

Foursan Group, a leading MENA private equity investor, today announced the assignment of Shariyah Review Bureau (SRB) for reviewing, certifying and supervising its private equity Islamic Fund with a multi-country, multi-sector Middle East focus. The assignment will help deliver significant operating cost savings to Foursan’s Islamic Fund with a transformed Sharia supervisory screening architecture on which to build value added equity investments, targeted to generate attractive returns for investors.

The Islamic Fund will invest in emerging companies in a range of sectors to enhance their operations and provide them with new avenues for expansion. Nashat T. Masri, Founding Partner of Foursan Group, stated: “This is an ambitious equity acquisition program, one that is expected to achieve above market financial returns for our Sharia-compliant investors.” He added, “Our investment selection proposition for the Fund demonstrates the potential for innovative financial and equity structures in light of Sharia with new sources of opportunities for Sharia-compliant investments.”

Speaking on the assignment of the Sharia Advisor he stated “We’re delighted to welcome SRB as our independent Sharia Advisor. Their extensive experience in the Islamic industry and global footprint will help us ensure Sharia compliance in our private equity transactions, and will be a significant benefit to investors looking for Sharia assurances. Their regional track record as an outsourcing Sharia Advisory partner and deep expertise in managing complex private equity contracts are key factors in our decision to assign them.”

SRB will assume responsibility for reviewing, certifying and conducting periodical Sharia Audits on the Fund and its executed transactions. A central part of SRB’s commitment will be the ongoing delivery of a converged screening of private equity acquisitions in light of Sharia.

Yasser S. Dahlawi, CEO and Founder of SRB, said: “This assignment marks our ability to meet the needs of leading regional players like Foursan Group. Ambitious clients are increasingly looking to us to manage Sharia certification and ongoing Sharia supervisory processes of their investments.” Commenting on the equity market he added, “We see greater indications of the Islamic private equity market growing in size, scale and sophistication, which we hope will encourage more investments and attract new opportunities to the Sharia compliant market.”

 Speeding-up Opportunities for Investors

Express Certification: Shariyah Review Bureau

Every time certification of a product takes too long, institutions lose an investor — and the opportunity to earn revenue and loyalty of an exciting deal.

Today, after discussions with institutions and Islamic investment companies around the world, we’re announcing a new initiative called Sharia Express Service, which aims to turnaround you product review in as little as 2 hours. By creating a wide-network of 31 dedicated scholars from 16 countries a new open framework has been built, which allows your products to be reviewed instantaneously – no matter what type of fund, transaction or business line you may have. We’re hoping that this service will introduce change that can profoundly and affordably impact millions for the players of the Islamic industry making Sharia compliant investment opportunities quickly available for investors.

Historically, Islamic financial institutions have relied on traditional Sharia Board structures that were often expensive, over-stretched and limited to reviewing one or two specific transactions at a time. Over time we anticipate that Islamic financial institutions will integrate this service for their time-sensitive and critical transactions.

We hope the express service will speed-up the opportunities by ensuring products are reviewed and certified faster for everyone, everywhere.

Sharia Advisory firm launches Same Day Sharia Review and Certification Service

Sharia Advisory firm launches Same Day Sharia Review and Certification Service

Shariyah Review Bureau (SRB), one of the world’s leading Sharia Advisory firm, today announced the launch of the Islamic industry’s fastest Sharia review and certification service. Efficient both in terms of time and cost, it ensures that the financial institutions urgent product and fund documentation gets reviewed within matters of hours, so as to help clients capture time-sensitive investment opportunities.

“Our experience shows that Sharia compliant transactions amongst financial institutions are expanding at a tremendous pace making these institutions seek out for faster and quicker Sharia review and certification services,” says Yasser S. Dahlawi, CEO and Founder of SRB.“The nature of some financial investments requires even more time-critical Sharia approvals. This is particularly the case for high-value transactions for family offices and private equity investments for institutional investors, where the patience for downtime is particularly low and managing quick investment continuity for high-profile investors is vital.”

“Studies have shown that scholars are stretched on many Sharia Boards. This makes the product approval an exhaustive process for various IFI’s. Our Express Sharia Review service will help cater for such enterprises who face unnecessary delays in their Sharia review and certification processes” adds Yasser.

Instead of being dependent on 3-5 scholars SRB relies on its vast network of 31 scholars spanning 16 countries. This breadth, capacity, and extensive scale allows SRB to provide a customized steering system to select the most readily available resource for immediate tasks to meet urgent review requests. As a result, product documentation on the Sharia Review Express service can be conducted within the same day.

“Speed, transparency and an unmatched worldwide scholarly coverage has always been a key differentiator for our Sharia Advisory business” says Mansoor M. Ahmed, “The introduction of the new Sharia Review Express service reinforces our commitment in serving the most high-potential functions of the Islamic financial industry and as the industry reaches new peaks, we will continue to invest in raising the bar with faster reviews and superior quality certification with our services.”

“With are placing the Islamic industry on a level playing field positioning its players to take full opportunity in new markets in a Sharia compliant manner and grow their businesses.”

More information on the Sharia review Express service can be found at http://shariyah.com/express-service/

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