KFH com­mences Sharia Au­dit Pro­gram at group level

Kuwait Times - - FROM THE ARABIC PRESS -

Kuwait Fi­nance House (KFH) has com­menced Sharia Au­dit Pro­gram com­pris­ing mod­els and prac­tices of var­i­ous sharia trans­ac­tions, and thor­ough il­lus­tra­tion on their pro­vi­sions. The pro­gram was held in pres­ence and par­tic­i­pa­tion of the staff of Sharia Con­trol De­part­ments at KFH-Group in­clud­ing Turkey, Bahrain, Malaysia and Kuwait. This serves in achiev­ing the goal of ex­chang­ing ex­per­tise and in­for­ma­tion on the field of sharia au­dit at the level of the group. It is worth not­ing that the pro­gram is the first of its kind at the level of the Group.

Shaikh Tareq Mu­far­reh, Sharia Au­dit Man­ager at KFH-Bahrain pre­sented the pro­gram that con­sists of prac­ti­cal and the­o­ret­i­cal chap­ters. The pro­gram tack­les a num­ber of sig­nif­i­cant sub­jects such as the im­por­tance of sharia con­trol in the work of Is­lamic fi­nan­cial in­sti­tu­tions, the goals and reg­u­la­tions of sharia au­dit, map­ping out plans and spe­cial­ized agen­das for the sharia au­dit pur­poses, in ad­di­tion to the pro­ce­dures of im­ple­ment­ing the re­sults of sharia au­dit re­ports.

The train­ing pro­gram took into con­sid­er­a­tion the dif­fer­ent work en­vi­ron­ments of the group banks and the var­i­ous mar­kets and cus­tomers’ re­quire­ments, in ad­di­tion to the var­i­ous reg­u­la­tions, bear­ing in mind the strict com­mit­ment in com­ply­ing with the rules and pro­vi­sions of sharia and the ap­proved cri­te­ria from Fatwa and Sharia Su­per­vi­sory Board at KFH.

KUWAIT: The Na­tional Bank of Kuwait (NBK) an­nounced hir­ing 300 Kuwaiti fresh grad­u­ates in 2016, fur­ther ce­ment­ing its po­si­tion as a lead­ing des­ti­na­tion for Kuwaiti man­power in the pri­vate sec­tor.

KUWAIT: The Com­mer­cial Bank of Kuwait spon­sored a con­test or­ga­nized by the Jahra Gov­er­norate recently to se­lect the best di­a­betes pa­tient in terms of fol­low­ing up with med­i­cal in­struc­tions.

KUWAIT: The Com­mer­cial Bank of Kuwait hosted a team from Prime Bites Nu­tri­tion Com­pany, which of­fered health tips and ad­vices on healthy nu­tri­tion habits.

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