Salama Appoints Shariyah Review Bureau as Sharia Advisor

Salama Cooperative Insurance Company announced on Wednesday the appointment of Shariyah Review Bureau as its Sharia advisor, a move that reaffirms the company’s dedication to adhering to Sharia principles and to the regulatory framework issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

According to the announcement, Shariyah Review Bureau will be responsible for reviewing and evaluating the company’s operations, products, and activities to ensure their compliance with approved Sharia standards. As part of this agreement, a Sharia Supervisory Committee—appointed by the Bureau—will oversee all activities and deliver periodic Sharia reviews and audits in alignment with AAOIFI’s Sharia governance standards.

Salama stressed that it is fully committed to implementing Sharia-compliant operational models and enhancing transparency and integrity across all of its processes.