About
Two reporting lines deliberately bypass the Chief Executive.
Both exist because the alternative — an executive who can approve a Sharia deviation or suppress a report — is exactly what a Central Bank inspection is designed to find.
The two lines
Sharia Supervisory Board
Appointed by the Board of Directors, not by management. Its rulings bind the company, and management cannot vary a term the board has ruled on without going back to the board.
Money Laundering Reporting Officer
Reports directly to the Board, so that a suspicious activity decision cannot be overruled by management.
The board
Members are named here the day the appointment is confirmed.
Board being appointed
Our Sharia Supervisory Board is being formed now. We name its members, and publish the signed ruling, the day the appointment is confirmed — never before. Naming a scholar who has not accepted the appointment would misrepresent a religious authority, not just overstate a milestone.
Board membership
We name the members of the Sharia Supervisory Board, and publish the signed ruling, on the day the appointment is confirmed — never before.
Attributing a religious ruling to a named scholar who has not issued one is not a marketing shortcut. It is a misrepresentation of a religious authority, and it is the hardest thing on this site to walk back.
How decisions are gated internally
Sharia claims are ruling-gated
Nothing on this site claims compliance ahead of the board. The gate is enforced in code, not by memory.
Marketing claims need Risk sign-off
An unqualified claim about a guarantee is a product claim, and it is reviewed as one.
Legal pages need Legal sign-off
Versioned, with an effective date shown on the page.
Regulatory status is re-checked every release
A stale 'licensed' claim is a regulatory issue, not a typo.
Fee figures have one source
The app and the site read the same store, so the two cannot disagree about a price.
Arabic and English ship together
Parity is a release gate. A page that exists in one language does not ship.
Registration with the Central Bank of Kuwait is in progress. We are not yet authorised to issue cards.
Our four-contract structure has been submitted to an independent Sharia Supervisory Board for ruling.
BIN sponsorship is under negotiation with a Visa principal member.
Depozit does not offer credit. There is no credit line, no revolving balance, and no interest charged or paid on any part of this product. The guarantee covers 90% of the KD 500 ceiling; the remaining KD 50 is the cardholder's own responsibility.