Sharīʿah governance
| Sections | Points | Weight (%) | Explanation |
|---|---|---|---|
| Sharīʿah board | 07 | 19 | Sharīʿah board score should be allocated based on three criteria including composition, qualifications and independence |
| Internal control & Sharīʿah audit | 12 | 33 | Marks should be allocated based on staff sufficiency, qualification, procedures and controls, and external Sharīʿah audit |
| Charitable operations | 06 | 17 | Marks should be allocated based on zakāh collection from customers and owners of the bank; sources of ḥaram income generation; distribution mechanism for charity funds |
| Human resources | 05 | 14 | Human resources development includes wage structure, qualification, training, career path and merit system |
| Products development | 03 | 8.5 | Includes new products developed as well modifications made to existing products of the conventional industry in the light of Sharīʿah norms |
| Organizational design | 03 | 8.5 | Whether an independent Islamic bank or a business segment under a conventional banking system |
| Total | 36 | 100 | Overall, 36% score is allocated for Sharīʿah governance due to its importance and vital role in achievement of the Sharīʿah-compliance objective |
| Sections | Points | Weight (%) | Explanation |
|---|---|---|---|
| Sharīʿah board | 07 | 19 | Sharīʿah board score should be allocated based on three criteria including composition, qualifications and independence |
| Internal control & | 12 | 33 | Marks should be allocated based on staff sufficiency, qualification, procedures and controls, and external Sharīʿah audit |
| Charitable | 06 | 17 | Marks should be allocated based on |
| Human | 05 | 14 | Human resources development includes wage structure, qualification, training, career path and merit system |
| Products | 03 | 8.5 | Includes new products developed as well modifications made to existing products of the conventional industry in the light of Sharīʿah norms |
| Organizational | 03 | 8.5 | Whether an independent Islamic bank or a business segment under a conventional banking system |
| Total | 36 | 100 | Overall, 36% score is allocated for Sharīʿah governance due to its importance and vital role in achievement of the Sharīʿah-compliance objective |