Shariah compliant company definition

Shariah compliant company means a company which is conducting its business according to the principles of Shariah;
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Shariah compliant company means a company as defined in the Act and which complies with these Regulations;
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Shariah compliant company means a company as defined in clause (64) of sub- section (1) of section 2 of the Act and declared as a Shariah compliant company under sub-section (1) of section 451 of the Act and these regulations;
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Examples of Shariah compliant company in a sentence

  • PART XIII51.451.Certification of Shariah compliant companies and Shariah compliant securities.- (1) No company shall be called a Shariah compliant company unless it is conducting its business according to the principles of Shariah and it has obtained a certificate of Shariah compliance from the Commission.

  • Where a Shariah compliance certificate issued to a Shariah compliant company or to a Shariah compliant security, as the case may be, has expired, been surrendered or cancelled, the Commission shall remove the name from the register of Shariah compliant companies and Shariah compliant securities and from the Commission’s website, and the company or security shall cease to be Shariah compliant.

  • Shariah compliance certificate: (1) A Shariah compliant company or a company issuing Shariah compliant security may voluntarily surrender its Shariah compliance certificate to the Commission.

  • A Shariah compliant company or a company issuing Shariah compliant security shall be subject to such fees as provided in Schedule - I of these regulations.

  • Internal Shariah Audit: Every Shariah compliant company or company issuing a Shariah compliant security shall strengthen its internal audit department either by appointing an Internal Shariah Audit resource having relevant qualification or expertise in Islamic banking and finance or train at least one of its employees in the internal audit department for the purpose of Internal Shariah Audit from a reputable training institute.

  • Shariah Audit: (1) Every Shariah compliant company or company issuing a Shariah compliant security shall strengthen its internal audit department either by appointing an Internal Shariah Audit resource having relevant qualification or expertise in Islamic banking and finance or train at least one of its employees in the internal audit department for the purpose of Internal Shariah Audit from a reputable training institute.

  • See Table 1, preceding, in 31.3.1 for matrices of the various port connection possibilities based on bandwidth availability.

  • External Audit: Every Shariah compliant company and company issuing Shariah compliant security shall be subject to external Shariah Audit for every financial year which may be undertaken by the existing external auditors or an independent External Shariah Auditor.

  • A summary of operations of the charity account shall be published in the annual accounts of Shariah compliant company.

  • Shariah Audit: (1) Every Shariah compliant company and company issuing Shariah compliant security shall be subject to external Shariah Audit for every financial year which may be undertaken by the existing external auditors or an independent External Shariah Auditor.


More Definitions of Shariah compliant company

Shariah compliant company means a company which is conducting its business according to the principles of Shariah and declared as such in accordance with the regulations
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Related to Shariah compliant company

  • Consultant Company means for an individual consultant, a company or partnership of which the individual is an employee, shareholder or partner;

  • Relevant Company means Klépierre and any corporation or company derived from or resulting or surviving from the absorption, merger (fusion), demerger or spin-off (scission), consolidation, amalgamation, reconstruction or acquisition of Klépierre with, into or by such other corporation or company, and any other entity, all or part of the share capital of which is, or all or some of the securities of which are, at the relevant time included in the Exchange Property;

  • UCITS management company means a management company as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)1;

  • Drug-dependent person means a person who is using a

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Department compliance officer means an individual who is:

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Solar alternative compliance payment or "SACP" means a

  • Environmental Management Plan or “EMP” means the environmental management plan for the Project, including any update thereto, incorporated in the IEE;

  • Off-highway implement of husbandry means the same as that term is defined in Section 41-22-2.

  • Sponsored captive insurance company means a captive insurance company:

  • Resort Complex means the hotel, convention centre/theatre restaurant, exhibition centre, recreation facilities and Burswood Casino to be constructed on the Site pursuant to and in accordance with the provisions of this Agreement and includes, if and when constructed, Stage 2;

  • Appraisal management company means, in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitization, any external third party that oversees a network or panel of more than fifteen certified or licensed appraisers in this state or twenty-five or more nationally within a given year, that is authorized either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an underwriter or other principal in the secondary mortgage markets that engages in appraisal management services.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.