icon icon icon icon
First Community Bank Logo
  • FOREX RATES

    UGX Buy 25.2083 Sell 33.2083 TZS Buy 18.4640 Sell 22.4640 AED Buy 29.1650 Sell 34.1650 SAR Buy 30.01 Sell 36.01 CNY Buy 14.33 Sell 22.33 ZAR Buy 4.00 Sell 10.00 JPY Buy 89.80 Sell 97.80 INR Buy 1.36 Sell 1.70 USD Buy 123.30 Sell 136.30 EUR Buy 130.06 Sell 140.06 GBP Buy 147.35 Sell 157.35

    Shari’ah Supervisory Board

    The Board consists of highly reputable scholars with extensive experience in law, economics, banking and Islamic finance. The members come from both within and beyond Kenya.

    The Board’s duties include:

    • Assisting in the development and supervision of the bank’s investment and financing products and services.
    • Ensuring that all day-to-day transactions of the bank are carried out in strict compliance to the Islamic principles of banking.
    image

    Sheikh Ahmed Suliman
    Chairman

    A South African National, Sheikh Ahmed Suliman is an Islamic scholar and currently Head of the Shari’ah department at the First National Bank in South Africa. He has previously served as a Shari’ah consultant to the International Finance Corporation (IFC) and has served on numerous bank Shari’ah boards in Malawi, Nigeria, South Africa and Kenya. Sheikh Suliman is an expert on Islamic Jurisprudence. He is also a trained accountant.


    image

    Sheikh Muhdhar Ahmed Badawy

    He Holds Bachelor of Shari’ah from Al - Azhar University Egypt and Diploma in Islamic Banking from University of Khartoum, Sudan. He has been involved in various Islamic activities in the country including lecturing at various Islamic institutions and a host of “Shari’ah issues” program on a Radio Rahma. He is the founder and Director of Al - Hikma Training Center in Malindi, Kenya and a member of Kenya Islamic Madrasa committee under Muslim Education Council.


    image

    Prof. Mohamed Salim Badamana

    He is a renowned scholar in the region. He holds a PhD in Islamic Philosophy from Khartoum University, Sudan and a postgraduate diploma in Islamic Banking and Insurance from Institute of Islamic Banking and Insurance, UK. He also holds a PhD and MSc in Animal Science from Reading University, UK and Bachelor of Veterinary Medicine and Surgery from Mosul University in Iraq. He has lectured in the Department of Philosophy and Religious Studies, Kikuyu Campus, University of Nairobi. Prof. Badamana sits in various national and regional financial institution’s Shari’ah Supervisory Boards.