Islamic Financial Services Group

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Headquartered in Bahrain within the EY Global Centre of Excellence, the Islamic Financial Services Advisory team is a specialist team which caters to the specific needs of both Islamic and conventional financial institutions requiring Islamic financial advisory services.

The team works across sectors and advises on banking, capital markets, insurance/takaful, asset management, regulatory and government matters.

EY was the first professional services firm to establish a dedicated team to service clients in this growing industry and is the only professional services firm to offer Shari’a auditing services. We have strong relationships with regulators in all centres of the Islamic financial services industry, and we have an unshakable belief in the future of Islamic Finance. Our clients range from start-up’s to some of the world’s best known and largest global financial institutions.

As a reflection of the changing needs of the industry, we currently offer more services in more markets and more industry segments in the Islamic financial services industry than any other professional services firm.

Our core offerings include:

• Risk & Governance – Corporate & Shari’a Governance, Risk Management and Internal Shari’a Audits

• Strategic Direction - Strategy Articulation, Concept Development and Industry Reports

• Finance & Performance Management – Business Planning and Performance Improvement Programmes

• Transaction Advisory Services – Structuring Advice, Business Modelling and Merger & Acquisition Support

• People & Organisation – Target Operating Models, Organization Structures, Competency Frameworks and Performance Management Systems

• Supply Chain & Operations – Business Process Re-engineering, Process Mapping, Product Programs, Policies & Procedures and Operational Reviews

• Customer – Customer & Market Strategy, Customer Intelligence & Economics, Customer Service Management

• Information Systems – Core Banking System Selection & Design, System Implementation Support, MIS Design

• Tax Advisory – Shari’a Compliant Tax Advisory Services

• Project Management – PMO Setup & Running, Project Management, Workstream Management