Comprehension of the depth and dynamism of our mission statement involves an interpretation of the Hadith:
The Arabic word "Itqan" indicates the highest level of quality work, the correct and complete performance of duties with quality and quantity, precision and wisdom but without ambiguity, deception, injustice, uncertainty or illegitimacy.
It expresses the essence of Islamic banking – envisioning value for all concerned.
Value Friendly Vision
We foresee an integral role for Islamic banking in mainstream industry internationally. We envision a global standardization phenomenon which will establish universally understood and accepted standards, systems, procedures and modes for Islamic banking operations. To this effect, we are working towards establishing co-operation channels for Islamic Banks across the globe.
We will endeavor to establish clear differentiators to define the operational standards of Shari'ah principles and practices, the effective distribution of profits between shareholders and depositors, establishing guidelines for the development of Shari'ah compliant investment instruments and capital mobilization vehicles, and promote awareness of credit rating requirements and standards.
