Shariah Committee definition

Shariah Committee means the committee established by the Bank pursuant to Section 30 of the IFSA for the purposes of advising the Bank on all Shariah related matters pertaining to Islamic banking.
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Shariah Committee means the committee established by the Bank for the
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Shariah Committee means the committee established by the Chargee for the purposes of advising the Chargee on all Shariah related matters pertaining to Islamic banking.
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Examples of Shariah Committee in a sentence

  • He is also a member of the Shariah Committee for preparing the judicial code of the Kingdom.

  • The eligibility and amount of the surplus to be distributed will be based on the recommendation made by Our Signing Actuary and endorsed by Shariah Committee and Board of Directors.

  • The fund manager is required to ensure that all the investments and investment strategies meet the Shariah guidelines issued by the Shariah Committee.

  • The value of Small Contribution Amount is subject to be approved by the Shariah Committee.

  • For any amount due and payable to Participant which is less than the value of Small Contribution Amount, the Takaful Operator will donate such amount of money to charity as approved by the Shariah Committee.


More Definitions of Shariah Committee

Shariah Committee means a committee of renowned independent Shariah Scholars to supervise the Company’s commitment of the Company to the Shariah Principle.
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Shariah Committee means the Shariah committee of an institution established pursuant to section 30;
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Shariah Committee means the Shariah committee established under section 33F;
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Shariah Committee means the Shariah Committee of AFFIN ISLAMIC.
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Shariah Committee means the Shariah Committee of RHB Islamic Bank;
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Shariah Committee means the Shariah committee of the Bank; Shipping Guarantee-i or SG-i means a shipping guarantee issued by the Bank under the SG-i Facility and formulated on the Shariah principle of Kafalah; Shipping Guarantee-i or SG-i Facility means the SG-i Facility the principal terms of which are set out in Clause 2.12;
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Shariah Committee means Shariah Committee of the Bank.
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