Shariah Advisory Board definition

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 means the Shariah Advisory Board constituted by the Commission;

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.

Examples of Shariah Advisory Board in a sentence

• The transaction structure relating to the Certificates (as described in this Prospectus) and the Transaction Documents have been approved by each of the Internal Sharia Control Committee of SIB, the Shariah Advisory Board of Citi Islamic Investment Bank E.C., the Central Shariah Committee of HSBC Bank Middle East Limited and the Shariah Supervisory Committee of Standard Chartered Bank.

• The transaction structure relating to the Certificates (as described in this Prospectus) and the Transaction Documents (as defined herein) have been approved by each of the Internal Sharia Control Committee of SIB, the Shariah Advisory Board of Citi Islamic Investment Bank E.C., the Central Shariah Committee of HSBC Bank Middle East Limited and the Shariah Supervisory Committee of Standard Chartered Bank.

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.

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:

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.

Shariah Advisory Board means a body of Shariah experts who certifies the securities/assets as Shariah- compliant. A Shariah Advisory Board performs the following responsibilities: