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The Lack of an internal audit department in a company called Mawarid Islamic finance in the UAE
Finance & Accounting
Pages 16 (4016 words)
Name Instructor Course Date The Lack of an internal audit department in a company called Mawarid Islamic finance in the UAE Proposal: This proposal looks at the related problems of the lack of internal audit function in Mawarid Islamic Finance. Scope: In this project I will be discussing a problem in a company in a certain industry, I will provide a proposal in which I will argue about the problem, afterwards I will be presenting researches on the effect of that problem on the company and ways on how to solve the problem, finally I will be presenting the outcome of my research and I will include ways on how to overcome this problem, argue it, and try to solve it.
The organization specializes in developing Shariah complaint economical or financial services. It provides eMurabaha that allows its clients to buy the goods offline or online; financing for the purchase of the items; letter of guarantee covering bib; online labor guarantees, and advance payment bonds, together with guarantees for the retention monies, customs duty, labor, home financing, maintenance. Moreover, it offers vehicle and property financing for people, and different services to the corporate sector, which include working capital, assets, deposits, trading activities and financing projects (English 53). Mawarid Finance is the only UAE’s financial institution that is absolutely independent. ...
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