what is shariah audit
TRANSCRIPT
Muhammad AamirMuhammad AamirShariah ConsultantShariah Consultant
[email protected]@hotmail.comCell: 0332 52 84 770Cell: 0332 52 84 770
A process of unbiased examination & evaluation of all operations and policies of an organization
according to Islamic Law of Business.
Shariah Audit
Management
Administration
Human Resource
Social Responsibility
Marketing
Finance
Zakat
Departments for Shariah Audit
Benefits of Shariah Audit
Islamic Business Audit
Productivity Business ProfitShariah audit will provide you the opportunity to increase your productivity and business profit can be maximized by more & more productivity.
Minimize expense Employees turnoverShariah audit will present the methods to minimize the business expenses and employees turnover which is one of the main factors of profit minimization.
Pleasure of Allah BarakahShariah audit is the option to get pleasure of Allah swt by avoiding his disobedience in our business and this act will be the reason of barakah in our income and profit.
Process of Shariah Audit
Islamic Business Audit
Al Mostaqeem team do sign a non disclosure agreement. Al Mostaqeem team works with complete confidence &
confidentiality. Al Mostaqeem team collect policy document of concern
department to review it according to Islamic Law of Business. Al Mostaqeem team visits the concern department after a specific
time to discuss the policy with management and to check the operations of the concern department according to Islamic Law of Business.
Al Mostaqeem team do research about any issue found in the operation or policy and provide the alternative Islamic solution in current scenario.
Al Mostaqeem team reports to competent authority for implementation of alternative Islamic solutions.
Al Mostaqeem team provide different trainings to the employees for motivation and hardworking with technical skills.
Some examples of issues
Islamic Business Audit
A sleeping partner cannot get profit more then his investment ratio according to Islamic Law of Business. It will be interest for him to take profit more then his investment ratio.
The ratio of loss can never exceed from investment ratio according to Islamic Law of Business. A person who has less investment cannot bear loss more then his investment. It will be interest for the person who has higher investment.
There are many mistakes in sales department. Many sales persons do lie and make their transactions wrong according to Islamic Law of Business.
Many organizations require from their employees to sign a service bond at the time of hiring. This service bond is not allowed according to Islamic Law of Business.
The team for shariah audit is well qualified and
educated. The team for shariah audit holds modern and Islamic
education. The team for shariah audit works with confidentiality
and honesty. The team for shariah audit remain in touch with
different scholars all time. The team for shariah audit works according to Islamic
Law of Business.
Team for Shariah Audit
Compensation of Shariah Audit
The compensation of Shariah audit is not an extra ordinary
expense.
The compensation of Shariah audit is an investment in
business.
The compensation of Shariah audit is a contribution for
knowledge and research.
The compensation of shariah audit is a sadqa e jaria.
