Wala’a philosophy from the very outset has been to remain fully compliant with statutory and regulatory norms and guidelines and thus we have an established and effective compliance programme in place.
Wala’a provides Shariah compliant insurance solutions to its customers in the Kingdom through their approved products in all classes of insurance.
For Shariah Certification
Shariyah Review Bureau (SRB) is the Shari’a Advisor of WALAA, supervising and overseeing the Shari’a compliance of all the products and business conducted by the Company. SRB is a leading advisor on Shari’a compliant businesses with a scholarly presence in more than seven countries from Middle East, North Africa and Asia. It employs continuous and streamlined administration procedures to fulfil Shari’a supervisory requirements of WALAA’s, Shari’a approvals and Shari’a Compliance review. To view the Shari’a Compliance report issued by SRB on April 30, 2012.