First: Shariah Compliance

1. The Shariah compliance task involves the regular assessment of the financing activities conducted by the finance company to ensure their alignment with Islamic Shariah principles and rulings.
2. The person responsible for Shariah compliance must ensure the level of adherence by the finance company to Shariah principles and rulings, and implement corrective procedures to address any non-compliance issues.
3. This task may be assigned to the compliance department or carried out by qualified Shariah experts within the finance company to perform Shariah compliance duties.
4. The finance company may engage an external specialized entity to perform Shariah compliance duties after notifying SAMA.

Second: Shariah Audit

1. The Shariah audit task involves an independent review process to provide objective assurance that enhances the level of compliance of the finance company's activities with Islamic Shariah principles and rulings.
2. The person responsible for the Shariah audit must conduct the audit at least once a year.
3. This task may be assigned to the internal audit department or carried out by qualified Shariah experts within the finance company to perform the Shariah audit.
4. The finance company may engage an external specialized entity to perform Shariah audit duties after notifying SAMA.
5. The results and observations of the Shariah audit must be submitted to both the audit committee and the Shariah committee at least once a year.