Shariah Compliant definition
Examples of Shariah Compliant in a sentence
The Agent is hereby authorized to enter into Islamic Shari'ah Compliant transactions on behalf of the Principal and for the Principal's account and to do all acts as fully as the Principal could do itself with respect to such transactions through purchase agreements, sales agreements or other agreements and to negotiate on behalf of the Principal in relation thereto and to exercise on the Principal's behalf all other related powers necessary to enable it to fulfill its obligations under this Agreement.
Sell, pledge, transfer, encumber, assign or otherwise dispose of property.
Special Purpose Vehicle (SPV) means an SPV formed by theGoP, acting through MoF for Islamic Naya Pakistan Certificate (INPC) Investors means eligible Resident/Non Resident Pakistanis who invest as ▇▇▇▇ ▇▇ ▇▇▇▇ in the Shariah Compliant Business as well as participating commercialbanks.
All our offered Shariah Compliant products, accounts and services are structured, managed and operated in compliance with the Shariah Standards of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) (where applicable) and the guidance provided by our Shariah Advisor.
It is hereby declared, that an Open ended-end Scheme in the form of a trust in the name and title of “Askari Islamic Asset Allocation Fund””, is hereby created and as a Shariah Compliant Scheme with the primary investment objective to provide investors with attractive income and long-term capital growth, primarily by investing in a diversified portfolio of private and public fixed-income and equity instruments, as permissible under the NBFC Regulations.