Shariah Advisory Board

Ratings Intelligence is a unique partnership of a world-class Shariah Committee, western investment bankers, as well as financial institutions in both the Muslim and the non-Muslim world.

At Ratings Intelligence, our Shariah rules and processes are set after detailed discussions between Dr. Muhammad Ali El-Gari, who is an expert in both Shariah and conventional finance, Dr Nazih Hammad, the foremost academic in the technicalities of Islamic jurisprudence as applied to finance and Dr. Mohammad Amin Ali Qattan who is an expert in Shariah matters.

Our association with the Shariah advisory board scholars goes back two decades.

Ratings Intelligence Shariah board comprises of such scholars having vast financial and Shariah expertise bringing the much required experience to the developing field of Islamic finance.

Reach Us

Role of Our Shariah Advisory Boards:

  • Review StockSet Shariah compliant frame work for Shariah compliant products

  • Shariah-compliant INVESTMENTSReview proposed Shariah compliant structures

  • Certification FATWADevelop and design Shariah compliant financial instruments

  • shariah principlesCertify Shariah compliant products - issue Shariah compliant FATWA

  • Shariah principlesConduct Shariah audits - issue Shariah Audit FATWA

  • Shariah Fund examinationDiscuss and provide guidance on emerging Shariah Compliant issues

Dr. Muhammad Ali El-Gari - Chairman

Dr. Muhammad Ali El-Gari

Ph.D in Economics from the University of California, USA.

Associate Professor of Islamic Economics, department of Economics, King Abdulaziz University, Jeddah, Saudi Arabi

Deputy Director, Centre for Research in Islamic Economics, King Abdulaziz University.

Member, Academic Committee, Islamic Development Bank, Jeddah.

Editor, Review of Islamic Economics, London (Journal of the International Association of Islamic Economics).

Also on the Shariah board for National Commercial Bank (Saudi Arabia), Citi Islamic Investment Bank (Saudi Arabia), Saudi American Bank (United Kingdom), Saudi British Bank (United Kingdom) and Dow Jones Islamic Index (United States) to name a few.

Dr. Nazih Hammad of Canada - Member

Dr. Nazih Hammad

Ph.D. in Islamic Law from the University of Cairo, Egypt.

Former Professor at the college of Sharia’h, Um Alqura University, Makkah Al Mukkarmah for 17 years.

Member of the Islamic Fiqh Academy, Jeddah, Saudi Arabia (Organization of Islamic Countries).

A Member of the Fiqh Islamic Council of North America.

He is also on the following Shariah boards: Citi Islamic Investment Bank, Bahrain, and Permal Asset Management, USA, to name a few.

Has authored many research papers and books on Islamic jurisprudence, finance and banking.

Dr. Mohammad Amin Ali Qattan - Member

Dr. Mohammad Amin Ali Qattan

Ph.D in Islamic Banking, “Shariah control committees in Islamic Banks”, University of Birmingham, UK.

An expert in Shariah matters.

Shariah controller for Al-Mal Islamic Investment company (99-2000).

Researcher in Islamic Economics in the Amiri Diwan (96-97)

Planning Specialist in Dar-Al-Istithmar Company (97)

He has written and presented many articles and papers at various seminars nationally and internationally in Islamic Economics, Banking and Finance.

Research Reports

Ratings Intelligence publishes periodic industry insight reports. For custom reports please contact us.

Please verify your identify to view the report

Enter Your Name
Enter Valid Email ID
You must agree to the terms first

Thanks for your request.

The requested report has been sent to your email id. Kindly check your email.

Contact Us

For general information

For the best quote

For Directors

For questions on Islamic Research


Abdul Hadi Shaikh

Head - Equity Screening & Audit

+91 98 8622 1227

Reach Us

London Office
158, Coombe Lane West Kingston-Upon-Thames KT2 7DE, UK

Kuwait Office
Al Salhiya - Ali Al Salem Str, AL Jawhara Tower - 7th Floor,
P.O. Box 38920 Abdullah Al Salem, Kuwait - 72260

Bangalore Office
IndiQube Sigma, 7th B Main Road, Koramangala 1A Block, 3rd Floor, Bengaluru, Karnataka - 560034