Shariah Advisor definition

Shariah Advisor means Meezan Bank Limited or any other Institution or a body of Islamic scholars, appointed in its place by the Management Company under intimation to the Commission and the Trustee, having knowledge of Islamic finance, to supervise and monitor the activities of the Fund to ensure that all its activities comply with Shariah.

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Shariah Advisor means an Islamic scholar or a body of Islamic scholars, having knowledge of Islamic finance and qualification as may be prescribed by the Commission from time to time, considered to be expert(s) in Islamic Shariah to be appointed and/or replaced in its place by the Pension Fund Manager from time to time for seeking advice regarding compliance with the principles of Islamic Shariah and for monitoring the operations, management and investments of the Fund;

Shariah Advisor means a Shariah Advisor as defined in Shariah Advisor Regulations 2017.

Examples of Shariah Advisor in a sentence

The Investment Policy of the Fund shall be in accordance with the Rules, Regulations and directives issued by SECP, Shariah Advisor and shall be specified in the Offering Document.
The Manager shall dispose of any Shariah non-compliant income through donations to local Canadian charities selected by the Manager and approved by the Shariah Advisor.
The Shariah Advisor will be required to evaluate and advise upon all new financial instruments as and when introduced for their Shariah-permissibility.
The Shariah Advisor has co-ordinated with the Management Company in drawing up of this Deed, the offering document and other related material documents constituting Constitutive Documents for the formation of the Unit Trust and shall further provide technical guidance and support on various aspects of Shariah, so as to enable the Management Company to mould the Unit Trust and its Administrative Plans into Riba free avenue of investment.
The Manager shall be responsible for establishing and implementing a proper Shariah Governance Framework based on the Shariah Compliance Requirements issued by the Shariah Advisor from time to time.

More Definitions of Shariah Advisor

Shariah Advisor means an Institution or a body of Islamic scholars, or an individual Islamic scholar, appointed by the Management Company under intimation to the Commission and the Trustee, having knowledge of Islamic finance, to supervise and monitor the activities of the Fund in order to ensure that all its activities comply with Shariah.

Shariah Advisor means an Islamic Financial Institution or a body of Islamic scholars appointed by the Management Company with the approval of the Commission, having knowledge of Islamic Finance, to supervise and monitor the activities of the scheme to ensure that all its activities comply with Shariah.

Shariah Advisor means the individual or firm advising the General Partner or the Manager on matters pertaining to compliance with Shariah principles;

Shariah Advisor or “Shariah Advisory Board" means either an Islamic financial institution, a body of Islamic scholars or an individual appointed by the Management Company 20[, under intimation to the Trustee], having knowledge of Islamic finance, to supervise and monitor the activities of the Scheme and to ensure that all its activities comply with Shariah.

Shariah Advisor means an Islamic scholar appointed by the Management Company, having knowledge of Islamic Finance, to supervise and monitor the activities of the Scheme to ensure that all its activities comply with Shariah.

Shariah Advisor means an Islamic Financial Institution, an Islamic scholar or a body

Shariah Advisor means Meezan Bank Limited or any other Islamic financial institution or a body of Islamic scholars, appointed in its place by the Management Company with the approval of the SECP, having knowledge of Islamic finance, to supervise and monitor the activities of the Scheme to ensure that all its activities comply with Shariah.