Lazurde receives Shariah evaluation report for Q1 2024

Logo of Lazurde Company for Jewelry

Lazurde Company for Jewelry received on July 7 the Shariah evaluation report from Shariyah Review Bureau (SRB), the company said in a statement to Tadawul.

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The report notes that the company’s business activities during the first quarter of 2024 are compliant with the required Shariah standards and guidelines.

SRB was appointed as the Shariah advisor for Lazurde to study the compliance of the company’s business activities with the Shariah guidelines and standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), in addition to other Shariah guidelines and standards mentioned in the report.

The bureau will also provide the necessary consultation to help Lazurde continue to achieve compliance with the abovementioned guidelines and standards throughout the period of commissioning as the Shariah advisor to the company.