The purpose of interest-free banking compliance activities is to ensure compliance of the activities carried out or planned to be realized by the bank, new transactions and products with the principles and standards of interest-free banking and the decisions taken by the Advisory Committee.
Activities carried out within the scope of control and supervision, implementation of the principles and standards of interest-free banking and the decisions of the Advisory Committee;
Interest-Free Banking Compliance Activities: It includes controls to ensure that the services offered as a minimum, investments made, contracts signed and transactions with customers, service providers and third parties, policies, procedures and other internal regulations, financial statements, annual reports and other public disclosures, promotions and advertisements, financial and non-financial internal reports, decisions taken by authorized bodies, comply with the bank's articles of association, the principles and standards of interest-free banking in relations with shareholders and personnel, and the decisions of the Advisory Committee.
Interest-Free Banking Supervision Activities: The purpose of interest-free banking supervision activities is to provide assurance to the senior management, partners and other stakeholders of the bank that the Bank's activities are carried out in accordance with the principles and standards of interest-free banking and the decisions of the Advisory Committee, and that the efficiency and adequacy of the compliance function.
With interest-free banking audit activities; The adequacy and effectiveness of interest-free banking compliance activities are evaluated, and the compliance of the bank's activities and transactions with interest-free banking principles and standards and the decisions of the advisory committee is audited.
Advisory Committee Secretariat: An advisory committee secretariat affiliated to the advisory committee has been established in our Bank to carry out the necessary services for the effective performance of the Advisory Committee's activities.
The advisory committee secretariat performs the following duties as a minimum:
It manages the process of forming the advisory committee's opinion on matters falling within the scope of interest-free banking principles and standards, upon applications received from inside and outside the bank, and communicating it to the relevant persons, units or personnel responsible for interest-free banking compliance activities.