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Allied Cooperative Insurance Group (ACIG) announces that it has received a certificate confirming its compliance with Sharia controls issued by the company's Sharia Committee
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| Announcement Detail | Allied Cooperative Insurance Group (ACIG) announces that it has received a statement confirming the completion of the process of reviewing the company's activities by the Sharia Committee of the company. It has been found to the honorable members of the Sharia Committee that the company has complied in its business and activities with the provisions and principles of Islamic Sharia in accordance with the decisions issued by the committee. The committee examined the following documents: 1. The insurance products were issued by the company during the year and approved by the Sharia Committee. 2. The annual Sharia audit report on the company's business prepared by the Sharia Committee Secretariat. 3. The company's financial statements and auditors' report for the financial year ending on 31/12/2022 4. Sharia decisions and fatwas for the various funds and products in which the company invested during the year 2022 . Attached the report of the Sharia Committee |
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The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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