Shariah Advisory Board definition

Shariah Advisory Board means the Shariah Advisory Board constituted by the Commission;
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Shariah Advisory Board means a board of Shariah Advisors acting collectively on all matters pertaining to the Scheme.
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Shariah Advisory Board or "Shariah Board" or "Board" means either an Islamic financial institution, a body of Islamic scholars or individuals appointed by the Management Company with the approval of the SECP, having knowledge of Islamic finance, to supervise and monitor the activities of the Scheme and to ensure that all its activities comply with Shariah.
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Examples of Shariah Advisory Board in a sentence

  • All activities of the Fund are undertaken in accordance with the Islamic Shariah as per the guidelines given by Shariah Advisory Board of the Fund.

  • In case of any dispute between the Shariah Advisor and the management, the matter may be referred to Shariah Advisory Board (“SAB”) of SECP for resolution.

  • The composite would strictly follow Islamic Shariah in selection of investments under the supervision of its Shariah Advisory Board.

  • In case of any conflict with the requirements of Shariah, the matter may be referred to the Shariah Advisory Board of SECP for decision.

  • The fund operates under the expert guidance of a renowned Shariah Advisory Board which includes Mr. Hassan Kaleem and Mr. Najeeb Khan.

  • As such, the Company stands entitled to a Mudarib share or Wakalatul Istismar fee in the investment income subject to approval by the Shariah Advisory Board.

  • TAKAFUL OPERATOR FEES The Company shall deduct Operator's fee as per defined ratio approved by Shariah Advisory Board out of the Contribution received under this policy.

  • Healso noted that DAPL was “currently working to obtain the necessary easements for crossing federal lands, as well as” authorization under Section 408 of the RHA, and advised Frazier that “consultation on the project has also been initiated as part of the Corps Section 408 review process for the areas located on Corps Project Lands.” Id. at 16.

  • The Fund operates under the expert guidance of a renowned Shariah Advisory Board which includes Mr. Hassan Kaleem, Mr. Najeeb Khan and Mr. Azfer Iqbal.

  • Dr. Aznan serves as Chairman of the Shariah Advisory Board, Barclays Capital (DIFC, Dubai), a member of the Shariah Advisory Board, ABSA Islamic Bank (South Africa), FNB Bank, Yasaar Limited, Khalij Islami, European International Islamic Bank (“EIIB”), Amanahraya Berhad, Amanah Raya Investment Bank Labuan, Employee Provident Fund and some other financial institutions and corporate bodies at both local and international level.


More Definitions of Shariah Advisory Board

Shariah Advisory Board means either an Islamic financial institution, a body of Islamic scholars or an individual appointed by the Management Company, 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.
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Shariah Advisory Board means an institution or a body, having knowledge of Islamic Law to supervise and monitor the activities of the Fund and to certify that all its activities comply with Shariah law. The duties and responsibilities of Shariah Advisory Board are as follows:
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Shariah Advisory Board means a collective body of Shariah Advisors appointed by the Management Company (with the approval of the SECP) to supervise and monitor the activities of the Scheme and to ensure that all its activities comply with Shariah.
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Related to Shariah Advisory Board

  • Advisory Board means the Long-Term Care Facility Advisory Board;

  • OPSI Advisory Committee means the committee established under Tariff, Attachment M, section III.G.

  • Advisory Board Member means a member of an “Advisory Board” as defined in Section 2(a)(1) of the 1940 Act.

  • Medical Advisory Committee means the Medical Advisory Committee established by the Board as required by the Public Hospitals Act;

  • Technical Advisory Committee means a committee established under section 12;

  • Supervisory Board means the individual or group of individuals that

  • Independent Board Committee means the independent board committee of the Company

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Advisory Committee means the Employer's Advisory Committee as from time to time constituted.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Banning Committee means a Committee constituted for the purpose of these guidelines by the competent authority. The members of this Committee shall not, at any stage, be connected with the tendering process under reference.

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Management Board means the management board of the Company.

  • Managing Committee means the individual or the body of individuals entrusted or charged with the management and administration of a private educational institution and where a society, trust, or an association manages more than one such institution, includes the managing committee of each such institution;

  • Technical Committee means the body established in accordance with article VII;

  • Nominating Committee means the nominating committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Joint Development Committee or “JDC” has the meaning set forth in Section 3.10.

  • Coordinating Committee means the committee designated and elected as provided in section 16d in connection with a township consolidation.

  • Independent Committee means a committee of the board of directors of the General Partner made up of directors that are “independent” of Brookfield and its Affiliates, as contemplated by applicable securities Laws;

  • Joint Committee means the Joint Committee established by Article 164(1) of the withdrawal agreement;

  • joint board means the Townsville-Thuringowa Water Supply Joint Board.

  • Negotiating Committee means a three-member group comprised by representatives of the following: (1) the State; and (2) two representatives of Local Governments of which one representative will be from a Municipality and one shall be from a County (collectively, “Members”) within the State. The State shall be represented by the Attorney General or her designee.

  • Executive Directors means a person appointed as director directly accountable to the municipal manager.

  • Advisory Body means any board, commission, committee, council, or authority, however selected, whose total budget, appropriations, or authorized expenditures constitute less than 1 percent of the budget of each agency it serves or $100,000, whichever is less, and whose powers, jurisdiction, and authority are solely advisory and do not include the final determination or adjudication of any personal or property rights, duties, or obligations, other than those relating to its internal operations.

  • Operating Committee means the Operating Committee of Epoch which meets frequently and is responsible for implementing the Company’s strategy, making operational decisions and overseeing the day-to-day running of the Company.