User:Mezilo/sandbox

Introduction:
Shariyah Review Bureau, also known as SRB, is an independent Sharia advisory firm that provides Sharia assurance, Sharia Board governance management, Sharia certification and Sharia audit services for Islamic financial institutions worldwide. The company was founded in 2004 in Jeddah, Kingdom of Saudi Arabia by Yasser S. Dahlawi, with the vision of creating a global platform for independent Sharia compliance assurance.

In 2007, the company opened its first office in the Kingdom of Bahrain. The office was established to cater to the growing demand for Sharia advisory services in the Bahraini market. In the same year, SRB acquired a specialized regulatory license from the Central Bank of Bahrain which is the single integrated regulator of Bahrain’s financial​ system. The license enabled SRB to provide Sharia advice, pronouncements (certification), Sharia supervisory review, Sharia audit services and developing Sharia audit manuals. The office also served as a gateway for Shariyah Review Bureau to access other emerging Islamic financial markets in the GCC.

SRB offers a range of services, such as Sharia Board, global Sharia certification, external Sharia audit and IPO certificate of compliance. The company works with various sectors and industries, such as banking, insurance, asset management firms, capital markets, fintech and charity. It has a network of more than 35 Sharia scholars from 17 countries covering different schools of Islamic jurisprudence, who are experts in various fields of Islamic finance and law.

Innovation and Technology:
SRB has been involved in the field of cryptocurrencies and tokens from a Sharia perspective. In 2022, SRB made a comprehensive resource on cryptocurrencies publicly available for the benefit of the Islamic finance industry and the general public. The resource, provides an overview of the concepts and Sharia implications of cryptocurrencies. Another contribution of SRB is its publication of research papers on topics related to Sharia compliance and financial engineering. These papers aim to provide guidance and solutions to navigate financial product structuring in light of Sharia rulings helping make Islamic finance more accessible and inclusive.

Shariyah Review Bureau uses technology to enhance its Sharia certification and supervision services. Its publicly available certificate verification engine is designed to promote transparency and accountability. The engine enables its clients and investors to monitor the Sharia compliance status of their investments.

Sharia Scholarly Network:
SRB has a global scholarly presence in over 17 countries across the Middle East, Asia, Europe and Africa. The scholars provide guidance and supervision to SRB’s clients on various aspects of Sharia compliance, such as product structuring, certification, auditing, and governance.

Some of the scholars in SRB’s network come from the following leading countries of the Islamic financial industry:

Saudi Arabia
==== SRB operates in Saudi Arabia, where it was founded. The company partners with more than 7 Sharia scholars in the Kingdom to provide Sharia assurance services to more than 40% of the financial market. ====

Bahrain
Shariyah Review Bureau (SRB) has its headquarters and a significant operational presence in Bahrain, a financial hub in the Gulf region. Bahrain plays an important role in Islamic finance, and SRB has a team of 4 Sharia scholars who serve clients in Bahrain and other countries.

Other Global Markets:
In addition to its scholarly presence in Bahrain, the UAE, Saudi Arabia, Malaysia and Pakistan SRB network of scholars expands to other regions and countries including the UK, Germany, Egypt, Kazakhstan, Indonesia and beyond.

References:
1 - https://www.shariyah.net

2 - https://www.zawya.com/en/press-release/saudia-based-peer-to-peer-funding-platform-raqamyah-signs-with-shariyah-review-bureau-pbzqovdw

3 - https://www.cbb.gov.bh/

4 - https://www.tradearabia.com/news/BANK_130820.html

5 - https://www.chubb.com/sa-en/investor-relations-chubb-arabia/shariyah-review-bureau.html

6 - https://www.efco.co.nz/wp-content/uploads/2022/04/SRB-Highlights.pdf

7 - https://www.reuters.com/article/us-islamic-finance-cryptocurrencies-idUSKBN1K71RC

8 - https://tezosgulf.com/tezos-blockchain-get-sharia-certified/

9 - https://www.coindesk.com/markets/2019/10/22/algorand-wins-sharia-compliance-certificate-to-enter-70-billion-market/

10 -https://shariyah.net/cryptocurrency

11 - https://shariyah.net/insights/

12 - https://shariyah.net/media/srb-launches-verify-sharia-certificate-tool/

13 - https://tamara.co/en/shariah-compliance

14 - https://mid-east.info/ksa-themar-collaborates-with-shariyah-review-bureau-for-review-and-supervision/

15 - https://www.tradearabia.com/news/BANK_354255.html

16 - https://shariyah.net/our-sharia-scholars/