Shariah Adviser definition

Shariah Adviser means IBFIM;

Shariah Adviser means a person or a company approved and registered by

Shariah Adviser means BIMB Securities Sdn Bhd;

Examples of Shariah Adviser in a sentence

• The Shariah Adviser shall do the research as appropriate on the criteria followed by Islamic Unit Trusts all over the world for the purpose of screening of investments.

• This risk refers to the risk that the currently held Shariah-compliant equity securities in the portfolio of Shariah-compliant funds may be reclassified as Shariah non-compliant in the periodic review of the securities by the SAC of the SC, the Shariah Adviser or the Shariah Supervisory Boards of relevant Islamic indices.

• Consequently, all investments for this Fund are to be designated as Shariah-compliant and in this regard, the Shariah Adviser will advise on the selection of investments to ensure compliance with Shariah requirements.

• The Shariah Advisor shall determine an appropriate percentage of income and cash flows included in the income and cash flow of the companies in which the Unit Trust has invested from activities not in accordance with the principles of the Shariah, and will recommend to the Management Company the criteria for selecting the Charities to whom such sums shall be donated, subject to the condition that such charity organization is not related to the Shariah Adviser, Management Company or any of their employees.

• However, any excess capital gains derived from the disposal after the announcement day at a market price that is higher than the closing price on the announcement day is to be channelled to baitulmal or any charitable bodies as advised by the Shariah Adviser.

More Definitions of Shariah Adviser

Shariah Adviser means an individual, corporation or a foreign Shariah adviser who is registered with the SC under the Registration of Shariah Advisers Guidelines.

Shariah Adviser means a person or a company approved and registered with

Shariah Adviser means a Shariah adviser appointed by the Government of Malaysia in relation to Replacement Assets from time to time, with such adviser following the generally accepted Shariah standards at the time of substitution; Purchase of Certificates held by the Government of Malaysia:The Government of Malaysia may at any time purchase Certificates in the open market or otherwise (the “Malaysia Certificates”). Transaction Account for Series 1: A non-interest bearing U.S. dollar denominated account maintained inthe name of the Trustee with HSBC Bank USA, National Association. Transaction Account for Series 2: A non-interest bearing U.S. dollar denominated account maintained inthe name of the Trustee with HSBC Bank USA, National Association. Limited Recourse: Each Certificate will represent an undivided beneficial ownership interest in the Trust Assets subject to the terms of the Declaration of Trust. No payment of any amount whatsoever shall be made in respect of the Certificates except to the extent that funds for that purpose are available from the Trust Assets. Under no circumstances shall the Delegate or any Certificateholder cause the sale or other disposition of any of the relevant Wakala Sukuk Assets otherwise than to the Government of Malaysia in accordance with the terms of the Transaction Documents and the sole right of the Delegate and the Certificateholders against the Trustee or the Government of Malaysia shall be to enforce the rights and obligations under the Trust Assets in accordance with the Transaction Documents. Role of Delegate: Pursuant to the Declaration of Trust, the Trustee will delegate to the Delegate all of the present and future duties, powers, trusts, authorities and discretions vested in the Trustee by certain provisions of the Declaration of Trust. In particular, the Delegate shall be entitled to:

Shariah Adviser means a Shariah adviser appointed by the Government of Malaysia in relation to Replacement Assets from time to time, with such adviser following the generally accepted Shariah standards at the time of substitution;

Shariah Adviser means a qualified person appointed by any licensed entity or entity pursuant to this Act to advise on matters relating to Shariah principles;

Shariah Adviser means the Shariah adviser appointed for the Fund;

Shariah Adviser means RHB Islamic Bank Berhad, (appointed for the Shariah Funds i.e. RHBMF, RHBIBF, RHBIGF, RHBICMF and RHBAPMF);