Financial Institutions
We are a one stop shop for Islamic banks, Islamic windows, takaful companies, Islamic asset managers, microfinance companies and Islamic corporates. We offer all services needed for operating in a safe and sound environment. Our experts provide in-depth analysis and advice utilizing their decades of practical experience in financial institutions. Our Shariah Board is another strong team of scholars who advised regulators, supervisory bodies such as central banks, capital market authorities, insurance authorities, and standard setting bodies such as AAOIFI, IFSB, and IIFM on complex Shariah matters.
We are your partner to offer you quality and efficient solutions and advice in the following areas:
- Establishing a new Islamic bank, setting up an Islamic window or a business line
- Market studies for a new business line or a new product and service
- Products, services, policies, and procedures development
- Shariah Board Services to set up a Shariah Board for advising on day-to-day Shariah matters and supervising Shariah compliance
- Shariah Consultation & Fatwa for ad hoc or continuance Shariah advice
- Structuring a deal and reviewing its documentation for Shariah compliance, mergers, acquisition, or converting conventional operations to Islamic (partially or fully).
- Shariah Governance framework including agreements with Shariah Board members, internal Shariah and control departments policies
- Shariah review and audit (both internal and external)
- Zakat Calculation
- Training and capacity building of staff on products, services, general concepts of Islamic finance, AAOIFI shariah and accounting standards, and local banking laws and regulations
- Establishing a new takaful company or setting up a takaful window or a business line
- Market studies for a new business line or a new product and service
- Products, services, policies, and procedures development
- Shariah Board Services to set up a Shariah Board for advising on day-to-day Shariah matters and supervising Shariah compliance
- Shariah Consultation & Fatwa for ad hoc or continuance Shariah advice
- Shariah Governance framework including agreements with Shariah Board members, internal Shariah and control departments policies
- Shariah review and audit (both internal and external)
- Zakat Calculation
- Training and capacity building of staff on products, services, general concepts of Islamic finance and takaful, AAOIFI shariah and accounting standards, and local takaful laws and regulations
We help making the Sukuk issuance process easier and efficient by:
- Training the clients on Sukuk concepts, structures, process, and documentation
- Shariah certification of Sukuk issuances and MTN programs by reviewing Sukuk structure, agreements, and offering circular for Shariah compliance
- Ongoing Shariah compliance of the Sukuk by monitoring the compliance of Sukuk assets, replaced Sukuk assets, allocation of profits, and accounting in accordance with terms and conditions of Sukuk structure and issuance
- Setting up Sukuk legal frameworks for governments and regulators
- Preparing Sukuk policies, strategies, and execution guidelines
Sukuk and capital markets training.
- Islamic fund set up including structure, documentation, and policies
- Services cover real estate funds, equity funds, Sukuk funds
- Shariah governance services to funds including Shariah Board services, Shariah governance set up, Shariah reviews and Shariah audit
- Shariah screening of equities and other assets under fund management
Islamic equity markets and asset management training
- Establishing a new Shariah compliant microfinance company or setting up a window or a business line
- Market studies for a new business line or a new product and service
- Products, services, policies, and procedures development
- Shariah Board Services to set up a Shariah Board for advising on day-to-day Shariah matters and supervising Shariah compliance
- Shariah Consultation & Fatwa for ad hoc or continuance Shariah advice
- Shariah Governance framework including agreements with Shariah Board members, internal Shariah and control departments policies
- Shariah review and audit (both internal and external)
Training and capacity building of staff on products, services, general concepts of Islamic finance , AAOIFI shariah and accounting standards, and local microfinance laws and regulations
Tayyib Advisory – we help companies assess their skills and choose a new direction which utilizes the talents of the team and resources most productively.