Independent expert assessment of the Bank’s Islamic financing

The Expert Council of Ipak Yuli Bank provides expert oversight of Islamic financing products and operations and ensures their compliance with Islamic financing principles.

In accordance with the outsourcing agreement, the functions of the Bank’s Expert Council are performed by Assoodiq Consult, a specialized consulting company providing professional services in Islamic finance.

The Expert Council conducts an independent review of transaction structures, contractual documentation, and financing terms at all stages — from product development to implementation.

The Islamic financing product Ijara was developed with the expert support of Assoodiq Consult and is implemented in accordance with Islamic financing principles.

Under the outsourcing agreement, Assoodiq Consult, acting as the Bank’s Expert Council:

— reviews and approves Islamic financing product structures

— examines contracts and financial models

— provides expert opinions and recommendations

— delivers ongoing expert and advisory support

Engaging an independent expert council is an international practice among Islamic banks and financial institutions and represents an essential element of the Islamic finance framework.