Shariah Advisory Council definition

Shariah Advisory Council means the body established under section 51 of the Central Bank of Malaysia Act 2009.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Shariah Advisory Council means the Shariah Advisory Council on Islamic Finance established under section 51;

Shariah Advisory Council means the Shariah Advisory Council established by the SC

Examples of Shariah Advisory Council in a sentence

The Cardholder and the Bank agree that their respective rights and obligations herein are intended to be and subject to and in conformity with Shariah (such Shariah as determined by the Bank’s Shariah Committee or the Shariah Advisory Council of Bank Negara Malaysia).
It is hereby agreed and declared that this Agreement relating to the Account have been reviewed and approved in principle by the Shariah Committee of the Bank, and have further and subsequently been reviewed and approved in principle by the Shariah Advisory Council of Bank Negara Malaysia.
The varied terms and conditions shall not be in contravention of Shariah rulings and guidelines issued by the Bank’s Shariah Committee and Shariah Advisory Council of Bank Negara Malaysia.
In the event that payment of monthly payment under the Facility become overdue, the Bank shall charge the Customer up to a rate of 1.0% per annum as compensation (ta’widh) on such defaulted amount calculated in the manner prescribed by the Shariah Advisory Council of Bank Negara Malaysia.
The Organisation and/or Cardholder and BSN agree that their respective rights and obligations herein are intended to be and subject to and in conformity with Shariah (such Shariah as are determined by the Shariah Advisory Council of Bank Negara Malaysia).

More Definitions of Shariah Advisory Council

Shariah Advisory Council and the abbreviation SAC means the body established under section 51 of the Central Bank of Malaysia ▇▇▇ ▇▇▇▇.

Shariah Advisory Council means Shariah Advisory Council established under Securities Commission Malaysia Act 1993 [Act 498];

Shariah Advisory Council means the Shariah Advisory Council on Islamic finance established under section 51 of the Central Bank of Malaysia Act 2009;

Shariah Advisory Council means the body established under section 51 of the Central

Shariah Advisory Council means the Shariah Advisory Council established under the Central Bank of Malaysia Act 2009 [Act 701];

Shariah Advisory Council means the body established under section 51 of the Central “this Agreement” means this Property Sale Agreement.

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