Shari'ah Supervisory Board

United Arab Bank Islamic Banking caters for the needs of retail, corporate and investment banking clients with a wide range of Shari'ah compliant innovative products and services, the credibility and strength of these products and services empowered by UAB Islamic Banking Shari'ah Supervisory Board.

The Shari'ah Supervisory Board is entrusted with the duty of providing advice and procedures relating to individuals and companies transactions to ensure that UAB Islamic Banking etiquettes are at all times consistent with the principles of Islamic jurisprudence.

UAB Islamic Banking Shari'ah Supervisory Board (SSB) comprises 3 of the most leading & prominent scholars in the field of Islamic commercial jurisprudence. The current members of UAB Islamic Banking SSB are:

• Sheikh Abdul Aziz Al Khulaifi (Qatar) -SSB Executive Chairman
• Sheikh Dr. Mohammed Ali Elgari (Saudi Arabia) -SSB Board Member
• Sheikh Dr. Abdul Sattar Abu Ghuda (Syria) -SSB Board Member

Sheikh Abdul Aziz Bin Saleh Al Khulaifi

• Bachelor of Arts in Law & Higher Education in Islamic Shari'ah
• Appointed as Judge in Courts of Justice (Civil and Criminal):
  • Judge, Summery Small Courts, and their equivalent of civil courts
  • Judge, General Civil Courts, and their equivalent of criminal courts
• Appointed as judge in the Shari'ah Courts:
  • Islamic Shari'ah Court of First Instance
• President of Islamic Shari'ah Appeals Court
• Vice President of Islamic Shari'ah Courts
• Currently: Lawyer, handling cases in all courts of laws
• President of Islamic Shari'ah Committees at :
  • Qatar International Islamic Bank (Formally)
  • National Ijara Company (Islamic Leasing)
• Participated in many scientific forums
• Participated in the preparation of legal, and Islamic Shari'ah studies

Sheikh Dr. Mohammed Ali Elgari

• Professor of Islamic Economics, King Abdulaziz University, Jeddah, Saudi Arabia
• Former Director of the Center for Research in Islamic Economics, King Abdulaziz University – Jeddah, Saudi Arabia
• Expert, Islamic Jurisprudence Academy, Organization for Islamic Countries (OIC)
• Member, Academic Committee Islamic Jurisprudence Academy, Organization for Islamic World League (IWL), Makkah, Saudi Arabia
• Member, Academic Committee Islamic Research and Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia.
• Member Shari’ah board, International Islamic Financial Market
• Editor of the Review of Islamic Economics (International Association of Islamic Economics, London, UK)
• Member, Shari'ah Advisory Board of:
  • The National Commercial Bank, Jeddah, Saudi Arabia
  • Saudi American Bank, Riyadh, Saudi Arabia
  • Al-Fanar Group of Funds, London, UK
  • Saudi British Bank, Riyadh, Saudi Arabia
  • Riyadh Bank, Riyadh, Saudi Arabia
  • Yassar, London , UK
  • Dow Jones Islamic Market Index
  • Saudi Fransi Bank, Riyadh, Saudi Arabia
  • Guidance Financial Group, USA
  • Islamic Finance Weekly, Euromoney, London, UK
  • Arab National Bank, Riyadh, Saudi Arabia
  • Ivestcorp Bank, Bahrain
  • FWU-AG Insurance Luxembourg
  • Global Asset Management, Switzerland
  • Saudi Hollandi Bank, Riyadh, Saudi Arabia
  • Al-Jazirah Bank, Jeddah, Saudi Arabia
  • Citi Islamic Investment bank, Bahrain
  • HSBC Amanah Finance, Dubai, UAE
  • Noriba Bank, Bahrain
  • Emirates Bank International PJSC, Riyadh, Saudi Arabia And other Islamic Financial Institution worldwide
• Frequent Lecturer on Islamic banking and Islamic Finances
• Author of several books, research papers and articles both in English and Arabic on the subject of Islamic Finance

Sheikh Dr. Abdul Sattar Abu Ghuda

Major expertise in Al-Fiqh Al-Muqarin Comparative Islamic Jurisprudence especially in financial transactions and Islamic banking studies.

• Additional expertise in Al-Zakat and Awqaf studies, Fiqh Al-Muhasabeh Wa Al-Muraja'ah (Islamic Jurisprudence of accounting and revision) educational studies and verification of transcripts.
• Previous Jobs:
  • In teaching Usul Al-Fiqh Al-Islami (Sources Methodology in Islamic Jurisprudence) at the Institute of Imam Al-Da'wah, Riyadh 1966, Saudi Arabia
  • Reporter of the Fiqh Encyclopedia at The Ministry of Religious Endowments and Islamic Affairs (Awqaf), Kuwait 1967 – 1971 and from 1977 – 1990
  • In teaching Fiqh (Islamic Jurisprudence), and Hadith (narrations of the Prophet) at the Religious Institute, Kuwait 1974 - 1976
  • Professor in teaching university curricula at Al-Shari'ah Institute, and at the School of Law.
  • Visiting professor at Saleh Kamel Economic Studies Center Al-Azhar University 1990 - 1991
• Current Job:
  • Legal Islamic Consultant for the Dallah Al-Barakah Group 13/11/1991, Managing Director of "Development of Financial Instruments and Islamic Laws Studies" since 1992, Secretary General of the Unified Islamic Legal Committee and Deputized member of the Committee until present.
• Memberships
  • Member of Mujama' Al-Fiqh (Islamic Jurisprudence Forum) since its inception, Jeddah, Saudi Arabia
  • Member of the Zakat Legal Islamic International Committee (Since inception)
  • Member of the General Fatwa (Divined Decree) Committee at the Ministry of Religious Endowments and Islamic Affairs, Kuwait 1982 - 1990
  • Member of the Accountancy and Revision Committee of Islamic Financial institution
  • Head of Committees in number of supervisory Islamic legal Committees of Islamic financial institutions (Bank, corporations, investment, insurance, renting and investment funds) and especially with the Islamic Bank for Development and Bahraini Monitory