Examples of Shariah Board in a sentence
For example, the Shari'ah Board determined that 5% of all dividends that accrued to the portfolio are non-permissible.
The objective of the Bank is to provide a full range of banking services, including Islamic products, which are approved and supervised by an independent Shariah Board.
She served as a member of the Shariah Board of Malaysian Ratings Corporation (MARC) from 2010 to 2014.
In case of introduction of any new service after approval from Shariah Board for which the bank charges the customer a fee during the tenure of this schedule shall be deemed covered and shall be separately mentioned in next schedule.
International Trade Finance Fund (Sunbullah USD) has been certified as being Shariah compliant by the Fund Shariah Board appointed for the Fund.
Failure to ensure that Fatwa issued by the Bank’s Shariah Board for the Product before offering to clients.
The Bank also offers Shariah compliant (non-interest based) banking products and services, which are approved and supervised by an independent Shariah Board established by the Bank.
If any new or additional guidelines on the Product Outline are to be adopted, the Shariah Board of the Banks shall always be consulted first before the adoption of same.
The Fund does not pay any fees to the members of the Shariah Board.
The Shariah Board shall provide Shariah advice to the Fund Manager in respect of the Fund’s various transactions, as well as assist in clarifying any such matter pertaining to the Fund.