Corporate Governance

Our Group Corporate Governance Framework is based on the principles of accountability, delegation, and oversight to support sound and prudent decision making. The framework guides Emirates Islamic’s Board and senior management in the discharge of their duties, helps maintain strong governance and ensures risks are managed prudently.

Emirates Islamic complies with the relevant laws and regulations relating to corporate governance issued by the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Dubai Financial Market (DFM) and other relevant authorities. The framework is suitably adjusted to comply with relevant local regulations.

The framework is supported by a Corporate Governance Manual and sets out the following:

• The obligations of stakeholders, including the Board, to ensure full implementation and compliance with the Corporate Governance Regulations
• A framework regarding Board composition, training and induction, meetings and practices
• The roles and responsibilities of various stakeholders in the governance framework, including the chairman, board members, board committees, the board secretary and various key functions; and
• Emirates Islamic’s commitment to disclosure and transparency.

Corporate Governance Manual >>

The Emirates Islamic Governance Manual is supplemented by a Board Charter, which details the protocols and policies of the Board and specific Board policies related to conflicts of interest, fitness and propriety, remuneration and performance evaluation.

• Board Charter
• Directors Conflict of Interest Policy
• Board Evaluation Policy
• Directors Fit and Proper Policy
• Director’s Remuneration Policy