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New Procedures for Internal Shariah Compliance

New Procedures for Internal Shariah Compliance

21 August 2023
As part of its commitment to improving Shariah compliance Procedures and oversight, Amanah are pleased to announce that Imam Uzair Akbar  who heads internal Shariah compliance is now conducting a  monthly internal audit of ALL Amanah’s Shariah compliant contracts and related processes that have been executed in the course of its Shariah compliant home financing program. 
The monthly audits are to ensure the following: 

1. That the Ijarah home financing program is being implemented in a manner that is consistent with the advice and endorsement of the external Shariah board including that there have been NO changes to contracts that were originally endorsed by the board. 
2. To remedy and ensure immediate rectification of any issues arising in the course of the internal audit. 
3. To support the external Shariah board when it conducts its regular Shariah audit on the affairs of Amanah. 
4. The funding arrangement is also consistent with Islamic finance principles. The Financier is a non-bank financial institution that sources the funding for its home financing program through the non-bank market for residential mortgages which includes Australian superannuation funds. 
 

To be transparent we have ensured thar Imam Uzair is available to discuss the outcome of his regular audits. You can contact him directly 0419 798 629.

Amanah Annual Shariah Audit Outcome

Amanah Annual Shariah Audit Outcome

01 June 2021

We are very pleased to have our Shariah certification renewed having gone through a rigorous independent audit. In this video Imam Uzair Akbar (President of the Islamic Council of Queensland) who supervised the audit findings explains the outcome of our audit and the history behind the formulation of our Shariah compliant documentation.


Launch of our new office

Launch of our new office

09 March 2021

We are delighted with the launch of our new office 765-767 Sydney Rd, Brunswick. Drop in and meet our friendly staff or call 1300 AMANAH to book an appointment. Keep an eye out for some exciting developments in the next few weeks.