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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RECEIPT OF THE SHARIYAH APPROVAL FROM ITS SHARIYAH ADVISOR

BUPA ARABIA 8210 -2.35% 208.00 -5.00

Bupa Arabia for Cooperative Insurance Company announces that it has received the approval from its Shariyah Advisor, on 16/05/2018G, through the annual Shariyah Audit Report for 2017G.

The report, reference BPA-204-05-01-05-18, contains the Shariyah approval from the Shariyah Advisor, the Shariyah Review Bureau, in line with the prior years' reviews, on the following functions:

1. Separation of Accounts (Shareholder & Policyholder)
2. Compliance of Shareholder & Policyholders Investments with Shariyah

The Shariyah Review Bureau will lead the ongoing supervision and monitoring of the Company with regards to the above mentioned functions and related processes from a Shariyah perspective. It will also engage the Shariyah Audit to investigate and evaluate the extent of its adherence with directed Shariyah policies and guidelines and to report any defective processes.

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