Shariah Committee Members

...

Dr. Mohammed Bin Waleed Al Swaidan - Chairman

 

 

Academic Qualifications

Granting Entity

Year of obtaining the qualification

Specialty

Qualification

SN

Imam Mohammad Ibn Saud Islamic University

2002

Shariah

Bachelor

1

University of Portsmouth - UK

2011

MBA

Master

2

University of Portsmouth - UK

2017

Finance & Economic

PhD

3

Practical Experiences

Formerly Senior Shariah Advisor at Alinma Bank’s Shariah Group

Member of the Shariah Committee at Al-Nefaie Investment Group

Formerly Asset Structuring Consultant at Gatehouse Bank in London

Major Literatures

Actual cost in Islamic banks: reasons and controls

1

Number of papers published in scientific journals

2

 

...

Dr. Raja Bin Menahi Al Marzoqi - Member

 

 

Academic Qualifications

Granting Entity

Year of obtaining the qualification

Specialty

Qualification

SN

King Saud University

1990

Economic

Bachelor

1

University of Michigan

1995

Economic

Master

2

Oklahoma State University

2000

Economic

PhD

3

Practical Experiences

Associate Professor of Economics, Prince Saud Al Faisal Institute for Diplomatic Studies

Chief Economic Adviser, Ministry of Economy & Planning

Economic Expert, International Monetary Fund

Major Memberships

Membership Type

Entity Name

SN

Member

Saudi Economic Association

1

Member

Saudi Financial Association

2

Member

American Economic Association

3

Major Literatures

Islamic Macroeconomics: An Efficient and Full Employment Government Business Model

1

The role of Islamic finance in economic development

2

Estimating the productive efficiency of the branches of an Islamic bank in Riyadh

3

Numbers of economic research and working papers presented to IMF and economic forums

4

 

...

Dr. Mohammed Bin Khalid Al Nashwan - Member

 

 

Academic Qualifications

Granting Entity

Year of obtaining the qualification

Specialty

Qualification

SN

Imam Mohammad Ibn Saud Islamic University

2013

Shariah

Bachelor

1

Imam Mohammad Ibn Saud Islamic University

2015

Comparative  Jurisprudence

Master

2

Imam Mohammad Ibn Saud Islamic University

2021

Comparative  Jurisprudence

PhD

3

Practical Experiences

Assistant Professor at the High Judiciary Institute in Imam Mohammad Ibn Saud Islamic University

Shariah and Legal advisor

Major Literatures

Waqf  Investment Funds

1

Editing the doctrine of Imam Abu Hanifa in the rule of the waqf

2

Jurisprudential correction of Imam Ibn Taymiyyah: The chapter on waqf as a model

3

 

...

Sheikh/ Lahem Bin Hamad Al-Nasser - Member

 

   

Academic Qualifications

Granting Entity

Year of obtaining the qualification

Specialty

Qualification

SN

Imam Mohammad Ibn Saud Islamic University

1991

Shariah

Bachelor

1

Practical Experiences

Deputy Head of Shariah Group, Bank Aljazira

Head of Shariah Audit, Bank Aljazira

Vice President and Head of the Shariah Group at Jadwa Investment Company

Major Memberships

The  Central Bank’s Islamic Banking Committee, representing Bank Aljazira

Shariah Committee, Tadawul Company

 

 

The role of Shariah Committee

Ensuring that all activities and businesses of the bank are in compliance with the principles of Islamic law in accordance with the judgment of the Shariah Committee.

Shariah Committee responsibilities

  • Approving the products.
  • Approving the documents, records, contracts, and correspondence.
  • Review contract formulas, documents, and existing applications in the bank to consider the extent of compliance with Islamic law.
  • Review all products that the bank implement for the first time to demonstrate its compliance with the rules of Islamic law, and establish the basic principles for drafting its contracts and documents.
  • Periodic audit by Shariah Compliance Division in Shariah Group for Islamic Bank transactions to verify the correctness of the application and ensure that it is in compliance with the rules of Islamic law and fatwas issued by the Committee.
  • Submit a comprehensive annual report to the general assembly shows the extent of compliance to the principles of the Islamic law through the transactions were reviewed.
  • Ensure that the earnings realized from sources or ways that contradict with the principles of Islamic law are purified and expended in the public good, according to the reports prepared by the Shariah Compliance Division in Shariah Group.