Principles of Sharia definition

Principles of Sharia means the set of the rules and principles derived from Quran, Sunnah (sayings, actions, approvals and traditions of Prophet Muhammad PBUH) Ijma’ (consensus of qualified Muslim jurists) and Qiyas (analogy and juristic inference from the Quran and Sunnah) applicable to the financial transactions and as set out in the Sharia Standards published by AAOIFI (Accounting and Auditing Organization for Islamic Financial), relevant resolutions of International Fiqh Academy and Sharia pronouncements of the Sharia Board. Sharia Board” means the fatwa and Sharia supervisory board of the Bank from time to time.
Principles of Sharia or “Sharia” means the principles of Sharia set out in the holy Quran and as per the Sunnah (traditions) of Prophet Xxxxxxxx (pbuh). Where interpretations of the AAOIFI and the IFA using the afore-stated exist, such interpretations shall be used as guidance.
Principles of Sharia means the set of the rules and principles derived from Quran, Sunnah (sayings, actions, approvals and

Examples of Principles of Sharia in a sentence

  • The Customer undertakes to adhere to and comply with the Principles of Sharia at all times during the term of the Agreement.

  • The Customer wishes to appoint the Bank to act as his agent and to invest the Customer’s funds in the Wakala Pool on an unrestricted Wakala basis in accordance to the Principles of Sharia and the Bank is willing to accept such appointment on the terms of the Wakala Deposit Form and these Terms & Conditions (which shall be read and construed together and shall together constitute the “Agreement”).

  • Principles of Sharia (Islamic law) inform the civil, commercial, and criminal codes.

  • Notary and PPAT in making and signing Akad Qardh and Accesoir to abide by and comply with Sharia Principles and Principles of Sharia Banking.

  • The Sharia Board has made sure that the calculation of Zakat has been carried out in accordance with the Principles of Sharia, the Board’s pronouncements and the relevant mechanisms adopted by the Bank.

  • In order to make provisions on the provisions of SKMHT and APHT in accordance with Sharia Principles, Principles of Sharia Economics and Principles of Sharia Banking.

  • Paragraph (2) The phrase "may be traded provided that in accordance with the Principles of Sharia" means a contract which is used as the basis for the issuance of Islamic Sharia may be traded by referring to the fatwa of the National Sharia Board of the Indonesia Ulema Council.

  • In particular, a company that is a trustee of an occupational pension scheme can now indemnify a Director against liability incurred in connection withthe company’s activities as trustee of the scheme.

  • Basic Principles of Sharia InsuranceInsurance is permitted if it does not deviate from the principles and rules of Islamic law.

  • The Customer wishes to appoint the Bank to act as his agent and to invest the Customer’s funds in the Wakala Pool on an unrestricted Wakala basis in accordance withthe Principles of Sharia and the Bank is willing to accept such appointment on the terms of the Wakala Deposit Form and these Terms & Conditions for Wakala Deposits (which shall be read and construed together and shalltogether constitute the “Agreement”).


More Definitions of Principles of Sharia

Principles of Sharia means the Injunctions of Islam, as revealed by the Quran, the Hadith, the directions of the Prophet Muhammed (peace be upon him), the Ijma (being the unanimity of the Prophet Muhammad (peace be upon him)’s disciples on a certain issue), Qiyas (drawing analogy from the essence of divine principles) and such secondary sources as the foregoing may allow and as interpreted by the Sharia Board;
Principles of Sharia means the set of the rules and principles derived from Quran, Sunnah (sayings, actions, approvals and traditions of Prophet Muhammad PBUH) Dubai Islamic Bank Public Joint Stock Company, licensed and regulated by the Central Bank of the UAEIjma’ (consensus of qualified Muslim jurists) and Qiyas (analogy and juristic inference from the Quran and Sunnah) applicable to the financial transactions and as set out in the Sharia Standards published by AAOIFI (Accounting and Auditing Organization for Islamic Financial), and pronouncements of the Internal Sharia Supervision Committee of the Bank.
Principles of Sharia means the set of the rules and principles derived from Quran, Sunnah (sayings, actions, approvals and traditions of Prophet Muhammad PBUH) Ijma’ (consensus of qualified Muslim jurists) and Qiyas (analogy and juristic inference from the Quran and Sunnah) applicable to the financial transactions and as set out in the Sharia Standards published by AAOIFI (Accounting and Auditing Organization for Islamic Financial), relevant resolutions of InternationalديDŽي يذلا يرامثتسلاا حبرلا Ǣلبم نيعي "›ا›لأا DŽǧاح"هعفد متي يذلاو رامثتسلال عقوتلما حبرلا نع.رامثتسلال ءادأ DŽفاحك كنبلل ةاقتسلما ئدابلماو ماكحلأا ¸وممج نيعت "ةعيرشلا ¥›ابم"رارقلإاو ةيلعفلاو ةيلوقلا) ةنسلاو نآرقلا نم هيلع dا ىلص dا لوسر نع ةرداǐلا فرعلاو سايقلاو (نيŐتعلما ةملأا ءاملعل) ¸اŦلإاو (ملسو (ةنسلاو §اتكلا ىلع ًاسايق ءاملعلا للادتساب) يرياعلما في درو امكو ةيلالما تلاماعلما ىلع ةقبطلماوةعƳارلماو ةبسا’ا ةƠيه نع ةرداǐلا ةيعرشلا ءاȀقف عممج Ãواتفو ةيملاسلإا ةيلالما تاسسjملل

Related to Principles of Sharia

  • MacBride Principles means those principles relating to nondiscrimination in employment and freedom of workplace opportunity which require employers doing business in Northern Ireland to:

  • Principles means the document titled "Cruise Debt Holiday Principles" and dated 26 March 2020 in the form set out in Schedule 1.01(c) to this Agreement (as may be amended from time to time), and which sets out certain key principles and parameters relating to, amongst other things, the temporary suspension of repayments of principal in connection with certain qualifying Loan Agreements (as defined therein) and being applicable to Hermes-covered loan agreements such as this Agreement and more particularly the First Deferred Loans hereunder.

  • Equator Principles means that set of principles entitled "The Equator Principles – A financial industry benchmark for determining, assessing and managing environmental and social risk in projects", dated July 2020 and available as at the date of this Agreement at: hxxxx://xxxxxxx-xxxxxxxxxx.xxx/xx-content/uploads/2021/02/The-Equator-Principles-July-2020.pdf.

  • the data protection principles means the principles set out in Part I of Schedule 1 to that Act, as read subject to Part II of that Schedule and to section 27(1) of that Act;

  • Privacy Shield Principles means the Privacy Shield Principles (as supplemented by the Supplemental Principles) contained in Annex II to the European Commission Decision C(2016)4176 of 12 July 2016 (as may be amended, superseded or replaced).

  • Commonwealth Standard Grant Conditions means this document.

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Corporations Law means the Corporations Law of the Commonwealth of Australia as applying in each State and Territory of Australia;

  • Shariah means divine guidance as given by the Holy Qur'an and the Sunnah of Holy Prophet Muhammad (PBUH) and embodies all aspects of the Islamic faith, including beliefs, practices, rules and principles as per the interpretation of the Shariah Advisor of the fund.

  • Split-Off has the meaning set forth in the Recitals.

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Paris Convention means the Paris Convention for the Protection of Industrial Property of March 20, 1883, as last revised;

  • resident of a Contracting State means any person who, under the laws of that State, is liable to tax therein by reason of his domicile, residence, place of management or any other criterion of a similar nature, and also includes that State and any political subdivision or local authority thereof. This term, however, does not include any person who is liable to tax in that State in respect only of income from sources in that State or capital situated therein.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Bankruptcy Exceptions means limitations on, or exceptions to, the enforceability of an agreement against a Person due to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or the application of general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

  • General Corporation Law means the General Corporation Law of the State of Delaware, as amended from time to time.

  • Bankruptcy and Equity Exception means that this Agreement is, when executed and delivered by such member(s) of the Seller Group and assuming the due authorization, execution and delivery hereof by the members of the Purchaser Group that are (or are contemplated to be) party hereto, will be, legal, valid and binding obligations of such members of the Seller Group enforceable in accordance with their terms, subject to receivership, conservatorship and supervisory powers of bank regulatory agencies, bankruptcy, rehabilitation, liquidation, insolvency reorganization, moratorium, fraudulent transfer, preferential transfer and similar Laws of general applicability relating to or affecting creditors’ rights and remedies generally and to general equity principles.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • State of Incorporation means Delaware.

  • COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA : The undersigned, being duly sworn, deposes and says that:

  • Articles of Arrangement means the articles of arrangement of the Company in respect of the Arrangement required by the CBCA to be sent to the Director after the Final Order is made, which shall include the Plan of Arrangement and otherwise be in a form and content satisfactory to the Company and the Purchaser, each acting reasonably.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Code of Practice means the Code Administration Code of Practice approved by the Authority and: