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;
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
Shariah Principles means Islamic law as agreed by the Shariah Committee of the Company.
Sample 1Sample 2Sample 3

Examples of Shariah Principles in a sentence

  • For the avoidance of doubt and notwithstanding any other provisions to the contrary herein contained, it is hereby agreed and declared that nothing in these Terms and Conditions shall oblige the Bank or the Customer, respectively, to pay or to receive interest (by whatever means or name called) on any amount due or payable to another party or to do anything contrary to the Shariah Principles.

  • If any provision contained in these Terms and Conditions becomes invalid, illegal or unenforceable under any law or the Shariah Principles, the validity, legality or enforceability of the remaining provisions shall not be affected or impaired.


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;
Sample 1Sample 2
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.
Sample 1Sample 2

Related to Shariah Principles

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • 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).

  • Agreed Security Principles has the meaning it is given in the Credit Agreement and the Senior Secured Note Indenture and, to the extent of any inconsistency, the meaning it is given in the Credit Agreement shall prevail.

  • IASB means the International Accounting Standards Board;

  • 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.