Our funds are not intermingled with OAB. Al Yusr has its own capital and we pay rent or charges for each and everything that we use of OAB. An Islamic window, like Al Yusr, within a conventional bank cannot operate unless following three operational functions are in place:
- Shari'a Governance Structure ensuring Shari'a Compliance.
- Segregation of Funds achieved through setting up a separate entity, establishing different accounts & reporting systems.
- Adopting Accounting Standards, such as, AAOIFI.
Besides the above measures, Central Bank being the licensing authority keeps an independent check on all activities of Islamic windows ensuring no cominglingof funds takes place.