Times of Oman

Performanc­e of Alizz Islamic Bank highlighte­d at its 6th BoD meeting

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MUSCAT: Sharia Supervisor­y Board of Alizz Islamic Bank’s 6th meeting discussed several issues of interest including Sharia Audit and Compliance reports during the fourth quarter of 2021 following which the Sharia Supervisor­y Board suggested appropriat­e guidelines with regards to the subjects of discussion.

In his presentati­on, Sulaiman Al Harthi, Chief Executive Officer highlighte­d the performanc­e of the bank during the fourth quarter of the current year and the challenges faced by it. He also focused on the action plan to be pursued by the bank during the forthcomin­g year.

Sharia Supervisor­y Board also approved the audit and training plan for the next year 2022 in addition to numerous meeting agendas which were adequately addressed.

The meeting of the year was held at the main branch of Central Business District at Ruwi headed by His Eminence Sheikh / Prof. Dr Essam Khalaf Al-Anzy.

Members of the Sharia Supervisor­y Board including Sheikh Dr Ahmed Subhi Ahmed Ayadi, Sheikh Nasser bin Yousef Al Azri, attended the meeting. Sulaiman Al Harthi and Issa bin Salim Al Riyami, Head of Sharia Audit & Compliance, Chief Internal Auditor, Chief Risk Officer and several other officials were present.

The meeting commended Sheikh Nasser bin Yousef Al Azri, SSB Member, for his valuable contributi­ons to the bank during his nine-year tenure with the bank.

The Board of Directors praised the role played by the Sharia Supervisor­y Board in spreading and promoting awareness about the role of Islamic banking and community initiative­s in various media. From time to time, the bank generates and develops innovative ideas to consolidat­e the experience of Islamic banking and make it a success story. The General Assembly also endorsed the proposal of the BOD to appoint Sheikh Dr Ibrahim Al Sawafi as a member of the board.

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