Shariah Advisor definition

Shariah Advisor means Meezan Bank Limited or any other Institution or a body of Islamic scholars, appointed in its place by the Management Company under intimation to the Commission and the Trustee, having knowledge of Islamic finance, to supervise and monitor the activities of the Fund to ensure that all its activities comply with Shariah.

Shariah Advisor means an Islamic scholar or a body of Islamic scholars, having knowledge of Islamic finance and qualification as may be prescribed by the Commission from time to time, considered to be expert(s) in Islamic Shariah to be appointed and/or replaced in its place by the Pension Fund Manager from time to time for seeking advice regarding compliance with the principles of Islamic Shariah and for monitoring the operations, management and investments of the Fund;

Shariah Advisor means an Institution or a body of Islamic scholars, or an individual Islamic scholar, appointed by the Management Company under intimation to the Commission and the Trustee, having knowledge of Islamic finance, to supervise and monitor the activities of the Fund in order to ensure that all its activities comply with Shariah.

Examples of Shariah Advisor in a sentence

• Any verdict issued by the Shariah Advisor in respect of any Shariah related matter would be final and acceptable to the Trustee, the Management Company, the Unit Holders and other parties.

• The Shariah Advisor shall advise the Management Company on matters relating to Shariah compliance and recommend general investment guidelines consistent with Shariah.

• The Shariah Advisor has certified that Investment Policy of the Trust is compliant with the requirements of Shariah.

• The Shariah Advisor will then decide as to which screening criteria are relevant to be used in the context of Pakistan’s capital markets and the instruments available therein, and which need to be modified/added/deleted.

• The Management Company may at any time, with prior notice to the Trustee and intimation to the Commission, terminate the Agreement with the Shariah Advisor by giving a notice as per the Agreement with the Shariah Advisor, before the completion of the term, and fill the vacancy under intimation to the Commission and the trustee.

More Definitions of Shariah Advisor

Shariah Advisor means a Shariah Advisor as defined in Shariah Advisor Regulations 2017.

Shariah Advisor means an Islamic Financial Institution or a body of Islamic scholars appointed by the Management Company with the approval of the Commission, having knowledge of Islamic Finance, to supervise and monitor the activities of the scheme to ensure that all its activities comply with Shariah.

Shariah Advisor or “Shariah Advisory Board" means either an Islamic financial institution, a body of Islamic scholars or an individual appointed by the Management Company 20[, under intimation to the Trustee], having knowledge of Islamic finance, to supervise and monitor the activities of the Scheme and to ensure that all its activities comply with Shariah.

Shariah Advisor means Meezan Bank Limited or any other Islamic financial institution or a body of Islamic scholars, appointed in its place by the Management Company with the approval of the SECP, having knowledge of Islamic finance, to supervise and monitor the activities of the Scheme to ensure that all its activities comply with Shariah.

Shariah Advisor means an Islamic Financial Institution, an Islamic scholar or a body

Shariah Advisor means an Islamic scholar appointed by the Management Company, having knowledge of Islamic Finance, to supervise and monitor the activities of the Scheme to ensure that all its activities comply with Shariah.

Shariah Advisor means Meezan Bank Limited or any other Islamic Financial Institution or a body of Islamic scholars, appointed in its place by the Pension Fund Manager with the approval of the Commission, having knowledge of Islamic finance, to supervise and monitor the activities of the Pension Fund to ensure that all its activities comply with Shariah.