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​Expertise in Islamic Banking​

The National Commercial Bank’s world class Shariah compliant products are meticulously developed under the supervision of the Bank’s Shariah Supervisory Board. NCB is committed to maintaining high standards of Shariah-compliance for Islamic products and services offered to its Customers. 

To ensure better transparency with our customers and raise awareness about Shariah Compliant banking, the Shariah Board regularly meets with NCB customers and staff in the different regions of the Kingdom answering their questions and providing  clarifications on NCB’ products and services.

The NCB Shariah Board consists of four​ world renowned prominent Shariah Scholars with extensive knowledge and experience in the field of Shariah and applied aspects of modern Islamic Banking and Finance.​


 Shariah Group​

​NCB Shariah Group is an internal center of excellence comprising of experts in the field of Shariah and Islamic banking. Its role includes researching on Shariah matters especially relating to Islamic business, providing Shariah advisory, developing innovative Islamic products & services and ensuring required internal  control for adequate Shariah compliance of NCB’ Islamic business.

In a nutshell, the Shariah Group provides services in the following areas:

  • Manages NCB’s relationship with the Shariah Board and communicates the Shariah Board opinions and guidelines to various business units of NCB.  

  • Provides support to various NCB businesses to develop Shariah compliant products and services as needed by our Customers 

  • Supports executive management for development of Islamic banking across the group

  • Ensures Shariah Control and Audit of all the Shariah compliant products and services offered to our Customers

  • Stays current with developments in Islamic banking industry to maintain the Bank’s leading position and;

  • Coordinates with training and various business units in raising awareness about Islamic products​​

Sheikh Abdullah Bin Sulaiman Al Maneea

(Chairman)​

Sheikh Abdullah is a member of the Council of Senior Scholars and is an advisor to the Royal Court in the Kingdom of Saudi Arabia. He is also a member of the  Shariah Committee for preparing the judicial code for the Kingdom. He is a member of the Islamic Fiqh Academy of the Organization of Islamic Conference (“OIC”) and Fiqh Academy of the Muslim World League(MWL). He has also been a member of the Supreme Judiciary Committee of the Kingdom since its inception in the year 1391H and was formerly Deputy President of the Makkah Al-Mukarramah Courts and a former Judge of the Court of Cassation in Makkah Al Mukarramah.


Sheikh Dr Abdulla Bin Mohammed Al Mutlaq

(Member)​

Sheikh Dr Abdulla Bin Mohammed Al Mutlaq is a member of the Senior Scholars Board and the Dar Al-Ifta Committee, both in Saudi Arabia.  He is also an advisor in the Royal Court of Saudi Arabia and a former Dean of the Comparative Fiqh Department at Imam Muhammad Ibn Saud Islamic University in Riyadh. 

Sheikh Dr Al Mutlaq is a member of Shariah boards of several Islamic banks and financial institutions. ​


Dr Mohammed Ali Elgari

(Member)​

Dr. Elgari was a former professor of Islamic Economics at King Abdulaziz University, Jeddah, Saudi Arabia and a former Director of the Center for Research in Islamic Economics, in the same university. He is a member of numerous Shariah committees of several banks and financial institutions. He is a well-known expert in the field at the Islamic Jurisprudence Academy of the OIC, the Islamic World League and a Member of Shariah Supervisory Board.

He is also a member of editorial board of several academic publications in the field of Islamic Finance and Jurisprudence, Journal of the Jurisprudence Academy, Journal of Islamic Economic Studies published by Islamic Development Bank, Journal of Islamic Economics published by International Association of Islamic Economists (IAIE), London, and the advisory board of Harvard Series in Islamic Law, Harvard Law School. 

Dr. Mohamed Ali Elgari holds a Ph. D. in economics from the University of California and is a recipient of Islamic Development Bank’s International Prize in Islamic Banking and Finance for the year 2004. He has authored several books and articles on Islamic finance in Arabic and English and is a frequent speaker at Islamic Banking and Finance conferences around the world.

Sheikh Dr. Abdullah Bin Abdulaziz Al Musleh

(Member)​

Sheikh Al Musleh is well known Shariah Scholar. He is the Director General of the Panel of Scientific Miracles in the Quran and Sunnah. He established a branch of Al Imam Muhammad bin Saud Islamic University in Abha and was its rector from the year 1396H until 1415H. He has also served as the Dean of the Faculty of Shariah and Principles of Religion at the Imam Muhammad bin Saud Islamic University. 

Sheikh Al Musleh is a member of many Shariah supervisory committees of banks in the Kingdom and is a frequent speaker on TV Islamic program. He is also an author of several books in Islamic finance and Fiqh.​


  • First Bank in the world to transform from traditional to Islamic banking 

  • First Investment Fund under Murabaha in the world

  • First Bank to develop the Islamic shares’ investment standards adopted by all world banks

  • First Bank to introduce Islamic credit card

  • First Bank to introduce Islamic mutual investment funds 

  • First Bank to develop Sukuk structure to finance infrastructure projects (Medina Airport)

  • First Bank to introduce an alternative Islamic product for deferred deposit accounts

  • First Bank to introduce Shariah-compliant Takaful ​​


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