Shariah Supervisory Committee
Shariah Supervisory Committee of Eastern Bank PLC. (EBL-SSC) is entrusted with the responsibilities of reviewing, supervising, and giving directions to Islamic Banking activities of the bank in order to ensure compliance with Shariah Rules and Principles.
EBL¬SSC will perform other responsibilities as under:
- To identify whether the Islamic banking activities of the bank are being conducted according to Shariah or not and submit views and opinions to the BOD as well as Shareholders, if needed.
- To examine and scrutinize documents, agreements, code of conduct of the bank's Islamic banking as and when required.
- To assist the Board by advising them on matters relating to Shariah in order to establish a banking structure based on Islamic Shariah, values and justice.
- To make recommendations on Shariah principles sought by the bank.
- To identify the barriers in conducting business according to Shariah laws and suggest the Management as well as the Board for taking measures to develop procedures to overcome the barriers.
- To suggest training programs to make its employees well conversant in the Shariah matters and issues.
- To advise any other matters relating to Islamic Economics, Banking and Finance.
