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The Central Bank also regularly inspects the bank’s activities and endorses
its financial statements. Moreover, all the bank’s activities are subject to the
supervision of the Religious Supervisory Board which endorses all the
transactional contracts and revises all the practical implementations of such
transactions. Furthermore, the external auditors carry out the audit of the
bank’s accounting procedures and practices.
The bank is also a member of the following organisations and associations :
- Association of Egyptian Banks.
- Accounting & Auditing Organisation for Islamic Financial Institutions.
- General Council for Islamic Banks and Financial Institutions – Bahrain.
- Islamic Financial Services Board (IFSB) – Malaysia. |
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