Markaz’s risk management and internal controls framework enables us to manage all major aspects of our business through an integrated planning and review process that includes strategic, financial, and risk planning. The systems are designed to manage, rather than eliminate, various risks to enable Markaz to achieve its business objectives.

The Board has overall responsibility for Markaz’s systems of risk management and internal control and for reviewing their effectiveness at least annually. Executive management has the responsibility for establishing and implementing appropriate systems and controls in their respective areas.

Business units follow a consistent process to identify, assess, manage and monitor their key risks. Our risk and compliance team oversees this process and reports progress to the Board’s Committee.

For effective corporate governance and to give effect to the efficient performance of its duties, the Board is assisted by the Board Steering Committee (BSC) and the Audit Committee (AC). The internal audit function reports independently to the Audit committee. In order to maintain the highest standards, the audit function is outsourced to Ernst & Young Al Aiban, Al Osaimi & Partners. In tune with industry wide best practices, the Audit committee has independent members with at least one of the member being a finance expert.

Download Patriot Act Certificate 

Download Anti - Money Laundering