Sharjah Islamic Bank P.J.S.C. Director

Corporate Governance refers to the structures and processes for the direction and control of corporations. It specifies the distribution of rights and responsibilities among the main participants in the corporation – including shareholders, directors and managers – and spells out the rules and procedures for making decisions on corporate affairs

Corporate Governance

Sharjah Islamic Bank is committed to good Corporate Governance – with well-defined shareholder rights, a solid control environment, high levels of transparency and disclosure, and an empowered Board of Directors – all of which provide the structure that guides the Sharjah Islamic Bank team to set and pursues our objectives while reflecting on the context of the social, regulatory and market environment.

Our Board of Directors

Chairman

H.E Abdulrahman Mohamed Nassir Salem Al Owais

Vice Chairman

Mr. Othman Mohamed Sharif Abdalla Zaman

Board Member

Mr. Ali Salim Ali Salim AlMazroua

Board Member

Mr. Salah Butti Obaid Binbutti Al Mheiri

Board Member

Mr. Jasim Mohamed Abdalla Ahmed Al Khayyal

Board Member

H.E Dr. Abdalla Mohamed Obaid Belhaif Al Nuaimi

Board Member

Ms. Dr. Khawla Abdelrahman Hassan Al Mulla AlSaabri

Board Member

Mr. Mohammad N A Al Fouzan

Board Member

Mr. Abdullah S A E Al Haddad

Board Committees

Executive Committee (EC)

EC acts as the Board’s senior executive management assuring that the Board meets its strategic and operational objectives:

• Reviewing and approving credit commitments.

• Approve the Bank’s IT Budget and Capital expenditure.

Chairman

Mr. Othman Mohamed Sharif Abdalla Zaman

Board Member

Mr. Ali Salim Ali Salim AlMazroua

Board Member

Mr. Jasim Mohamed Abdalla Ahmed Al Khayyal

Audit Committee (AC)

The AC consists of Board members and its purpose is to assist the Board in fulfilling its oversight responsibility by:

• Overseeing the Group’s financial reporting process, maintaining accounting policies, reviewing and approving the financial information: and

• Reviewing reports on the internal controls

• Managing the Relationship with the Group’s external auditors; and

• Reviewing the internal audit reports and monitors control issues of major significance of the Group

Chairman Independent Member

Ms. Dr. Khawla Abdelrahman Hassan Al Mulla AlSaabri

Vice Chairman

Mr. Othman Mohamed Sharif Abdalla Zaman

Board Member

Mr. Mohammad N A Al Fouzan

Secretary

Mr. Khalaf Abdullah Khalaf

Board Risk Committee (BRC)

The BRC consists of Board Members and its purpose is to assist the Board in fulfilling its oversight responsibility by:

• Overseeing the risks inherent in the businesses of the Group and the control processes with respect to such risks;

• Reviewing the risk profile of the Group;

• Managing the Risk Management Compliance and control activities of the Group;

• Providing a critical assessment of the organization’s business strategies and plans from an Enterprise risk perspective; and

• Ensuring that appropriate policies and procedures are in place for managing risks to which the Group is exposed

Chairman Independent Member

H.E Dr. Abdalla Mohamed Obaid Belhaif Al Nuaimi

Board Member

Mr. Ali Salim Ali Salim AlMazroua

Board Member

Mr. Abdullah S A E Al Haddad

Secretary

Mr. Mohammad Rizwan

Nomination and Compensation Committee (NCC)

The Nomination & Compensation Committee is responsible for :

• The process for appointments of Board and Senior Management;

• Approve and oversee the Board and Senior Management compensation and benefits mechanism (system) and the establishment, maintenance and administration of the bank’s compensation program;

• Assist the Board in ensuring that appropriate succession plans are in place for Senior Management positions;

• Ensuring appropriate composition of the Board

• Orientation and training sessions for new and existing Directors

Chairman

Mr. Othman Mohamed Sharif Abdalla Zaman

Board Member

Mr. Ali Salim Ali Salim AlMazroua

Board Member

Mr. Jasim Mohamed Abdalla Ahmed Al Khayyal