bokraSharia compliance of Bokra Sukuk
The board's ruling approving the Bokra Sukuk structure as free of riba, with profit distribution based on genuine partnership.
Supervised by Egypt's Financial Regulatory Authority
Board of Directors
A distinguished group of financial and investment leaders steering Bokra's strategy and governance, ensuring sustainable growth and protecting customers' rights.
Mr. Samer Saad El-Din Abdullah SalamChairman of the Board
Ayman El SawyManaging Director & CEO
Mrs. Nivan Amr Kamel MortagaBoard Member
Mrs. Lamis Ali Mohamed NegmBoard Member
Mr. Ahmed Mostafa Kamal Ali HeidarBoard Member
Mr. Ragy Gamal El-Din Mahmoud Soliman El-FahhamBoard Member
Mr. Mohamed El-Sayed Hussein Talaat OkashaBoard Member
Dr. Abbas ShomanChairman, Sub-Sharia CommitteeSecretary-General of the Council of Senior Scholars and General Supervisor of Fatwa at Al-Azhar, and a member of the FRA's Supreme Central Sharia Committee. A former Professor of Sharia at Al-Azhar University, he has served on many Sharia boards of Islamic banks and sukuk issuances.
Dr. Magdy AshourMember, Sub-Sharia CommitteeAn Azhari scholar and former advisor to Egypt's Grand Mufti, specialised in Islamic finance jurisprudence and fatwa. He reviews and certifies the Sharia compliance of Bokra's products.
Dr. Mohamed El-BeltagyExecutive Member, Sub-Sharia CommitteeChairman of the Egyptian Society for Islamic Finance and an expert in Islamic banking in Egypt and the Arab world. A member of fatwa committees at several major banks, rapporteur of the sovereign sukuk supervision committee at the Ministry of Finance, and an accredited member on the FRA's list of Sharia boards.
FRA supervised · licence 761
Governance & accountability
Independent Sharia oversight
Sharia fatwas
Board-approved
Fatwas issued by the Sharia Supervisory Board
Buying & storing gold (El-Shakmagya)
Controls for buying and storing gold electronically in a way that satisfies the Sharia requirement of possession (qabd).
The Gam3ya savings model
Approval of the digital rotating-savings model as a mutual interest-free benevolent loan (qard hasan).
FAQ
Sharia-compliance FAQ
Are Bokra's products genuinely Sharia-compliant?
Yes. Every Bokra product is reviewed and certified by an independent Sharia supervisory board before launch, and undergoes periodic review to ensure ongoing compliance.
How is Sukuk income different from riba (interest)?
Sukuk income comes from sharing in real assets and projects and bearing their risk — not fixed interest on a loan — which is what makes it Sharia-compliant.
Who sits on the Sharia Supervisory Board?
The board comprises leading scholars specialised in Islamic financial jurisprudence — listed above on this page.
Is the gold in El-Shakmagya really owned by me?
Yes — you own real, stored and insured gold, and the Sharia requirement of possession (qabd) is met per controls approved by the board.
Is Bokra subject to official supervision?
Yes — Bokra operates under the Financial Regulatory Authority (licence 761), alongside independent Sharia oversight.
Meet the team behind Bokra
Bokra's journey toward a better financial future for every Egyptian.