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Erudite AfricaCenter of Excellence
← Interest Free Banking Financing: Foundation

Governance, roles and the team approach

Module 03 / 6 · 60 min

See who decides what in IFB financing, from the Board and the Sharia'h Advisory Committee to the branch team, and how complaints are handled.

In this module you will learn to

  • Describe the roles of the Board, the Board credit review committee, the CEO and the Chief IFB Officer
  • Explain the independence and binding role of the Sharia'h Advisory Committee
  • Describe how approval limits (Discretionary Financing Limits) route a request to the right committee
  • Name the members of the financing team and the part of the file each owns
  • Handle a customer complaint along the bank's escalation path

Built on

  • Erudite Africa Investments course outline: Interest Free Banking Financing, Three-Level Course, Level 1 Foundation (October 2026)
  • A typical Ethiopian bank's interest free banking financing business procedure (May 2025), unnamed: definitions, governance, roles and team approach
  • NBE Directive No. SBB/72/2019, Licensing and Authorization of Interest Free Banking Business
  • NBE Bank Corporate Governance Directive No. SBB/91/2024 (influential shareholder at 2%)
  • AAOIFI Sharia'h Standards, including No. 8 Murabaha, No. 9 Ijarah, No. 10 Salam and No. 11 Istisna'; the host bank's Sharia'h Advisory Committee rulings take precedence

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.