The Supreme Sharia Supervisory Board under the auspices Financial Services Authority (FSA) held its 2nd meeting, led by Dr. Ismail bin Nasser Al Aufi, Chairman of Supreme Sharia Supervisory Board. This meeting comes in line with its current ongoing review of developments and efforts to strengthen the Sharia governance framework in the capital market sector.

It reviewed several key topics, most notably the draft Insurance Law, in addition to the report submitted to the Board of Directors at the FSA, which includes observations and recommendations aimed at enhancing the legislative and regulatory framework of the sector.

Reaffirming the significance of the Supreme Sharia Supervisory Board in supporting the alignment of legislation and financial practices with the principles of Islamic Sharia, thereby strengthening confidence and promoting sustainability in the capital market and insurance sector.