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Bupa Arabia for Cooperative Insurance Company announces that it has received the approval from its Shariyah advisor,on Thursday 28/05/2015G, corresponding to 10/08/1436H, through the annual Shari'a Audit Report for 2014.The report, reference Bup-AD-03-03-04-15, contains the Shariyah approval from its Shariyah Advisor, the Shariyah Review Bureau, in line with the prior year review of 2013 and means all certificates remain valid, as announced on 14/10/2014G, corresponding to 1435/12/20H, on the following functions:>br/>

  • Separation of Accounts (Shareholder & Policyholder)
    (Certificate No: BPA-196-08-08-11-13)
  • Compliance of Shareholder & Policyholders Investments with Shariyah Guidelines
    (Certificate No: BPA-195-07-07-11-13)
  • Declaration & Product Provision, submitted for final approval to SAMA
    (Certificate No: BPA-199-09-09-11-13)

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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