Page 145 - ICD-AR22-English

Notes to the FInancial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
In our opinion
1. The IsDB Group has followed the procedures required to comply with the contracts that the Committee prepared and audited.
2. The dividends paid and the losses incurred on the investment accounts are in conformity with the basis that we adopted in line with the rules and principles of the Shari’ah.
3. All gains made from transactions or methods forbidden under the rules and principles of the Shari’ah have been avoided by spending them on charity.
4. The IsDB Group does not pay Zakat because the sources of its assets are either from public or Waqf funds or from institutions that have not delegated the IsDB Group any authority to pay Zakat on their behalf. The payment of Zakat is the sole responsibility of the owners.
We pray that Allah the Almighty enable the IsDB Group to follow the right path in the interest of the Ummah.
Wassalamu alaikum warahmatullahi wabarakatuhu
His Eminence Sheikh Muhammad Taqi Usmani Aboubacar Salihou KANTE
Chairman of the Shari’ah Board Jeddah, 7 Ramadan 1444H (29 March 2023G)
Manager, Shari’ah Affairs Section
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 143