Mahara receives Shari’a Evaluation Report on company’s business for Q2

Maharah Human Resources Company announced on Wednesday to its shareholders that it has received a Shari’a Evaluation Report by Shariyah Review Bureau (SRB) issued in its capacity as the Company’s Shari’a Advisor regarding the operations, investments and financings of the Company.

The report indicates that the Company’s business activities, Investments and Financings for the second quarter 2023 are compliant with the AAOIFI Shari’a standards and guidelines.

It is worth noting that SRB was appointed as the Shari’a Advisor to the Company with the goal of studying and examining the business activities, Investments and Financings of the company in line with the Shari’a guidelines and standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), in addition to other Shari’a guidelines and standards mentioned in the report. SRB will also provide the necessary consultation to help the Company continue to achieve compliance with the abovementioned guidelines and standards throughout the period of commissioning as the Shari’a Advisor to the company.