In-Country Value Certification

Al-Sharid is proud to be among the emerging local public accounting firms in UAE. We are aspiring to be a Certifying Body soon. We believe in the vision of the National In-Country Value (ICV) program of the Ministry of Industry and Advanced Technology (MoIAT) which will boost the UAE economy by redirecting higher portions of public spending into the national economy.

If you are a supplier engaging, or planning to engage, in tenders with one of the ICV program partners, you’ll need an ICV certificate to have a better position among other competitors in tenders with the ICV program partners which will use your ICV score as one of the primary considerations to evaluate your tender and whether or not they’ll contract with you. Therefore, it’s worthwhile to consider getting ICV certified and working towards a good ICV score.

Our In-Country Value Certification services will include:

Evaluating your eligibility to join the program, helping you join, and introducing the program incentives and how you can benefit from them
Issuing an ICV certificate for your business
ICV score planning and advisory to help you increase your score in alignment with achieving your own business objectives

Identify & Assess Money Laundering & Terrorist Financing (ML/TF) risks

Why consider choosing Al-Sharid as your upcoming Certifying Body?

When we officially become a Certifying Body, we’ll leverage our regional experience and our skilled team to deliver you the most cost-efficient solutions out there. Stay tuned until we officially announce that we’ve become a Certifying Body and show what’s going to be different about our services.

Our approach to providing ICV certification services

As part of our dedication to the profession, we have designed our ICV certification service rendering process to help us produce you a well prepared ICV certificate on time according to the guidelines set by MoIAT. You’ll never be behind tender deadlines with us.

Our team eventually provides you with helpful recommendations to help you best achieve your AML/CTF objectives.

Our team of experts has the right experience and knowledge to help your company achieve its objectives

Is my business directly supervised by the Supervisory Authority in UAE?

The businesses that are under direct supervision are financial institutions, designated non-financial businesses and professions and non-profit organizations. They are the most affected by the provisions of this law. However, all businesses in UAE play a vital role in the prevention of money-laundering and terrorism financing activities in UAE.

What are the designated non-financial businesses?

Also known as DNFB’s, are businesses that are in one of the following industries: Real Estate Precious Metals and Stones Accounting and Auditing Services Company Service Providers