Examples of Sharia Board in a sentence
These charges are calculated based on the Fund’s Sharia Board approved formula and paid to charities recommended by the Fund’s Sharia Board through the Fund Manager.
The Fund Manager shall, upon obtaining the approval of the Unitholders and the approval of the Sharia Board, obtain the approval of the Capital Market Authority on the Fund’s proposed Fundamental changes.
Any dispute pertaining to interpretation of the Transaction Documents in compliance with the foregoing provisions of this Clause 8 shall be referred to the Sharia Board of the State Bank of Pakistan, whose decision on the matter shall be final.
Any dispute pertaining to interpretation of the Transaction Documents in compliance with the foregoing provisions of this Clause 5 shall be referred to the Sharia Board of the State Bank of Pakistan, whose decision on the matter shall be final.
Such charges are in return for service provided to the Fund and approved by the Sharia Board regardless of whether these fees are in the form of a lump sum or a discounted percentage of the value of the purchased units provided that these fees are clearly stated in the terms and conditions of the Fund.