Malath Cooperative Insurance Company (“Malath”) announces receiving certification of Sharia compliance by Shariyah Review Bureau

31/12/2025 Tadawul
Element List Explanation
Announcement Detail Malath announces that its Sharia Advisor, namely, Shariyah Review Bureau (“SRB”) and its appointed Sharia Supervisory Committee (“SSC”) has reviewed the activities of Malath in light of specifications of Sharia, as adopted and interpreted by the SG (the "Sharia Guidelines"). Malath hereby confirms its compliance to the Sharia Guidelines as of Wednesday 31/12/2025 corresponding to 11/07/1447.

 

The key activities which were reviewed and certified are:

 

1. Separation of Accounts for both Shareholder & Policyholder pools.

 

2. Investments made by Shareholder & Policyholders pools.

 

3. Insurance policies.

 

The SSC will work with SRB to continue leading the ongoing supervision and monitoring of Malath with regards to the above mentioned activities and related processes from a Sharia perspective. It will also administrate the annual Sharia audit in accordance with the AAOIFI-GSIFI No. 2.

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