Shariah Principle definition

Shariah Principle means the Islamic principles of banking and finance as adopted and approved by the Shariah Advisory Council and the Chargee’s Shariah Committee.
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Shariah Principle means the rules, principles and parameters of Islamic law as interpreted, ascertained, determined or pronounced by the SAC and/or the Shariah Committee;
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Shariah Principle means the Islamic principles of banking and finance as
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Examples of Shariah Principle in a sentence

  • The Parties hereby confirm, acknowledge and agree that the transactions envisaged herein conform to the Shariah Principle.

  • The parties hereto agree that this Charge shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 8.02 hereof.

  • This parties hereto agree that this Charge shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 10.02 hereof.

  • The offer for the sale of the Receivables is deemed to have been accepted by the Bank and concluded upon the Bank paying the Purchase Price (as per advice) against the Approved Receivable under the Shariah Principle of Bai’ Al Dayn in accordance with and subject to the terms of the Agreement.

  • Subject to Shariah Principle such LPC may be varied from time to time at the sole discretion of MSSB without notice to the Client.

  • The parties hereto agrees that this Agreement shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 11.26 hereof.

  • This parties hereto agree that this Assignment shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 12.02 hereof.

  • Subject to Shariah Principle such charges may be varied from time to time at Malacca Securities’ sole discretion without notice to you.

  • The Parties hereto agree that this Charge shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 8.02 hereof.

  • By opening a Wakala Savings Account the Muwakkil hereby appoints the Wakeel as agent to invest various amounts of agreed currencies deposited with the Wakeel from time to time for the purpose of investment in Shariah compliant financial assets (based on the Shariah Principle of Wakala bil Istithmar) against cash and/or credit in conformity with the regulations of Shariah under the terms and conditions of this Agreement.

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