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Al-Saqr Insurance confirms Shariah compliance
Al-Saqr Cooperative Insurance Company announced that it has received an official report confirming that its operational and investment activities are compliant with Shariah principles and standards, following a comprehensive review conducted by the Shariah Audit Department. The review focused on three main areas: separating accounts between shareholders and policyholders, directing investments toward Shariah-compliant instruments, and ensuring that insurance products align with Shariah guidelines and customer requirements. The Shariah Supervisory Committee will continue to oversee the company's operations to ensure ongoing compliance, with the adoption of Shariah governance standards to enhance transparency and alignment.
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