The Shari’ah Supervisory Committee of the Bank plays a vital role in framing and exerting policy for strict adherence of Shari’ah principles in the Bank. As per Islamic Banking Guideline circulated by Bangladesh Bank, The Shari’ah Supervisory Committee is represented by 12 members consisting of prominent Ulama having adequate knowledge in Fiqhul Moamalat, renowned lawyers and eminent economists. The Shari’ah Supervisory Committee of IBBL gives opinions and guidelines to implement and comply of Shari’ah principles in all activities of the Bank particularly in the modes of investment. The Committee is governed by a bye-laws approved by the Board of Directors.

As part of major responsibilities of the Committee Shari’ah inspections is also conducted in all the branches under its direct supervision to ensure Shari`ah compliance in all activities of the Bank.