EBL-SSC will perform other responsibilities as under:

• Review and certify all policies, regulations, procedures, manuals, agreements, products, services, and other legal or operational documents used in Islamic banking activities.
• Oversee, certify, and ensure that all Islamic banking operations, products, and transactions of the Bank are fully compliant with Shariah principles.
• Supervise and certify the profit and loss accounts of EBL Islamic Banking and the method of calculating and distributing profit to investment account holders and depositors in accordance with Shariah.
• Approve the Annual Shariah Audit Plan and review the implementation status of the plan as well as the key observations raised during audits, and issue necessary instructions to the Management based on audit findings and to inform the Board of Directors of any material or serious Shariah non-compliance issues.
• Review periodical Shariah compliance reports and provide necessary guidance and instructions, and finally approve the Annual Shariah Compliance Report for submitting the same to the Board of Directors.
• Ensure that newly introduced deposit and investment/financing products are fully complied with the own fatwas and rulings, Bangladesh Bank’s Shariah guidelines, declarations and resolutions, applicable laws, and also with international best practices not contrary to local regulations.
• Oversee and certify the calculation and distribution of Zakat and to review the formation, management, and utilization of Qard (interest-free loan) funds, where applicable.
• Take measures to minimize Shariah non-compliant, doubtful, or interest-derived income, if identified, and to ensure proper segregation and Shariah-compliant disposal of such income, without recognizing it as Bank income.
• Ensure strict segregation of funds between EBL Conventional Banking and EBL Islamic Banking operations.
• Suggest training programs to make its employees well conversant in the Shariah matters and issues.
• Report Shariah non-compliance issues to the Board of Directors if identified and unresolved by the Management; and if still not resolved to report the same to Bangladesh Bank and disclose such issues in the Annual Shariah Compliance Report of the Bank.