Shariah Supervisory Committee
Complying with Shariah principles
To ensure that Standard Chartered Saadiq products comply with the principles of Shariah, we consult an independent committee comprising two of the world's most renowned Shariah scholars - Dr Abdul Sattar Abu Ghuddah and Sheikh Nizam Yaquby.
We develop all our Islamic Banking products with guidance from two independent experts, securing their approval before we offer the products to our customers.
Our Shariah advisors
Dr Abdul Sattar Abu Ghuddah holds a PhD in Islamic Law from Al Azhar University Cairo, Egypt. He is Professor of Fiqh, Islamic studies and Arabic in Riyadh and an active member of the Jeddah-based Islamic Fiqh Academy and the Accounting & Auditing Standards Board of Islamic Financial Institutions. He also served in the Ministry of Awqaf, Kuwait.
Dr Abu Ghuddah has written several books on Islamic finance. He holds the positions of Shariah advisor and director for the department of financial instruments at Al-Baraka Investment Co. of Saudi Arabia.
Sheikh Nizam Yaquby was educated in the classical Shariah sciences in his native Bahrain and in Makkah. He received his bachelors in Economics & Comparative Religion from McGill University, Montreal, Canada. Since 1976, Sheikh Yaquby has taught Tafsir, Hadith and Fiqh in Bahrain. He is also the author of several articles and publications on Islamic finance.
