Shariah Principles definition

Shariah Principles means the principles of Islamic law relating to banking and finance as adopted and approved by the Shariah adviser of AEON Credit, and in accordance with the resolutions and rulings of the Shariah Advisory Council of Bank Negara Malaysia under Section 51 of the Central Bank of Malaysia Act 2009;
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Shariah Principles means Islamic law as agreed by the Shariah Committee of the Company.
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Shariah Principles means the Islamic principles of banking and finance as adopted and approved by the Shariah Committee of the Bank and by the Shariah Advisory Council of Bank Negara Malaysia under Section 16B of the Central Bank of Malaysia Xxx 0000.
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Examples of Shariah Principles in a sentence

  • The Issuer shall be entitled forthwith to exercise all of its rights contained herein and vary the terms of investment and any transaction entered into pursuant to the Investment to the extent necessary to ensure that the Investment and any transaction entered into pursuant to the Investment to be in conformity with Shariah principles, guidelines, specifications, standards or circulars.

  • The Parties hereby agree, confirm and acknowledge that the Investment and any transaction entered into pursuant to this Investment are subject to and in conformity with Shariah principles, as ascertained by the Shariah Advisory Council of the Securities Commission of Malaysia and the Shariah Advisory Council of Bank Negara Malaysia (“SAC”) and/or any other authority having jurisdiction over the Parties.

  • The Investor hereby agrees, confirms and acknowledges that the Investor will not issue an action or challenge the Issuer or raise any objections or protestation or in any way dispute and to seek or obtain any remedy or relief on the basis of non-compliance of Shariah principles in relation to the Investment and any transaction entered into pursuant to the Investment.


More Definitions of Shariah Principles

Shariah Principles means the Islamic principles of banking and finance as adopted and approved by the Shariah Committee of the Bank and by the Shariah Advisory Council of Bank Negara Malaysia under Part VII Chapters 1 and 2 of the Central Bank of Malaysia Act 2009;
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Shariah Principles means the Islamic banking and finance principles as adopted and endorsed by the Shariah Advisory Committee of the Bank and the Shariah Advisory Council of Bank Negara Malaysia.
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Related to Shariah Principles

  • MacBride Principles means those principles relating to nondiscrimination in employment and freedom of workplace opportunity which require employers doing business in Northern Ireland to:

  • Principles means the document titled "Cruise Debt Holiday Principles" and dated 26 March 2020 in the form set out in Schedule 1.01(c) to this Agreement (as may be amended from time to time), and which sets out certain key principles and parameters relating to, amongst other things, the temporary suspension of repayments of principal in connection with certain qualifying Loan Agreements (as defined therein) and being applicable to Hermes-covered loan agreements such as this Agreement and more particularly the First Deferred Loans hereunder.

  • the data protection principles means the principles set out in Part I of Schedule 1 to that Act, as read subject to Part II of that Schedule and to section 27(1) of that Act;

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Information Privacy Principles means the information privacy principles set out in the PDP Act.

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • Agreed Security Principles means the principles set out in Schedule 11 (Agreed Security Principles).

  • Bankruptcy and Equity Exception means that this Agreement is, when executed and delivered by such member(s) of the Seller Group and assuming the due authorization, execution and delivery hereof by the members of the Purchaser Group that are (or are contemplated to be) party hereto, will be, legal, valid and binding obligations of such members of the Seller Group enforceable in accordance with their terms, subject to receivership, conservatorship and supervisory powers of bank regulatory agencies, bankruptcy, rehabilitation, liquidation, insolvency reorganization, moratorium, fraudulent transfer, preferential transfer and similar Laws of general applicability relating to or affecting creditors’ rights and remedies generally and to general equity principles.

  • Reasonable and prudent parent standard means the

  • Generally accepted standards of medical practice means standards that are based upon: credible scientific evidence published in peer-reviewed medical literature and generally recognized by the relevant medical community; physician and health care provider specialty society recommendations; the views of physicians and health care providers practicing in relevant clinical areas and any other relevant factor as determined by statute(s) and/or regulation(s).

  • Tax Matters Agreement means the Tax Matters Agreement to be entered into by and between Parent and SpinCo or any members of their respective Groups in connection with the Separation, the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time.