Shariah Advisory Council definition

Shariah Advisory Council means the body established under section 51 of the Central Bank of Malaysia Act 2009.
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Shariah Advisory Council means the Shariah Advisory Council established by the SC
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Shariah Advisory Council means the Shariah Advisory Council on Islamic Finance established under section 51;
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Examples of Shariah Advisory Council in a sentence

  • 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 Shariah Advisory Council (“SAC”) of the Securities Commission Malaysia (“SC”), the Shariah Adviser or the Shariah Supervisory Boards of relevant Islamic indices.

  • The FBM Shariah comprises the constituents that are Shariah-compliant according to the Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) screening methodology.

  • In the event of a dispute or difference of opinion whatsoever in respect of, relating to, or in connection with Shariah, the parties shall refer the matter to the Shariah Advisory Council of BNM and such ruling shall be binding and conclusive.

  • Where the incapacitated person's mental capacity was variable it may prove difficult for the administrator and third parties to determine whether the incapacitated person lacked relevant capacity at the critical time.

  • The Shariah Adviser confirmed that the investment portfolio of the Fund comprises instruments which have been classified as Shariah-compliant by the Shariah Advisory Council of Bank Negara Malaysia.


More Definitions of Shariah Advisory Council

Shariah Advisory Council means Shariah Advisory Council established under Securities Commission Malaysia Act 1993 [Act 498];
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Shariah Advisory Council means the Shariah Advisory Council on Islamic finance established under section 51 of the Central Bank of Malaysia Act 2009;
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Shariah Advisory Council means the body established under section 51 of the Central
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Shariah Advisory Council and the abbreviation of “SAC” means the body established under section 51 of the Central Bank of Malaysia Act 2009.
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Shariah Advisory Council means the Shariah Advisory Council established under the Central Bank of Malaysia Act 2009 [Act 701];
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Shariah Advisory Council and the abbreviation SAC means the body established under section 51 of the Central Bank of Malaysia Xxx 0000.
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Shariah Advisory Council means the Shariah Advisory Council established under the Central Bank of Malaysia Act 2009 [Act 701] and the Capital Markets and Services Act 2007 [Act 671]; and
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