Shariah Board definition

Shariah Board means the Shariah advisory board of the Fund, which shall be comprised of the Shariah Board of Jadwa Investment Company;
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Shariah Board means a board comprising Shariah scholars selected by the Obligor from time to time.
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Shariah Board. : means a board of members constituted by the Bank pursuant to the regulations of the State Bank of Pakistan to oversee and supervise the Islamic banking
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Examples of Shariah Board in a sentence

  • For example, the Shari'ah Board determined that 5% of all dividends that accrued to the portfolio are non-permissible.

  • The objective of the Bank is to provide a full range of banking services, including Islamic products, which are approved and supervised by an independent Shariah Board.

  • She served as a member of the Shariah Board of Malaysian Ratings Corporation (MARC) from 2010 to 2014.

  • In case of introduction of any new service after approval from Shariah Board for which the bank charges the customer a fee during the tenure of this schedule shall be deemed covered and shall be separately mentioned in next schedule.

  • International Trade Finance Fund (Sunbullah USD) has been certified as being Shariah compliant by the Fund Shariah Board appointed for the Fund.

  • Failure to ensure that Fatwa issued by the Bank’s Shariah Board for the Product before offering to clients.

  • The Bank also offers Shariah compliant (non-interest based) banking products and services, which are approved and supervised by an independent Shariah Board established by the Bank.

  • If any new or additional guidelines on the Product Outline are to be adopted, the Shariah Board of the Banks shall always be consulted first before the adoption of same.

  • The Fund does not pay any fees to the members of the Shariah Board.

  • The Shariah Board shall provide Shariah advice to the Fund Manager in respect of the Fund’s various transactions, as well as assist in clarifying any such matter pertaining to the Fund.


More Definitions of Shariah Board

Shariah Board means the Fatwa and Shariah Board of the Bank.
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Shariah Board means the group of Shariah Advisors appointed by the Management Company, with the approval of the Commission, to advise it regarding compliance with the principles of Islamic Shariah.
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Shariah Board means a Shariah Board constituted by a Takaful operator for its Takaful business under rule 34;
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Shariah Board means the Shariah supervisory board of Al Hilal Bank;
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Shariah Board means the Executive Shariah Committee of HSBC Saudi Arabia Limited and the Shariah Supervisory Committee of Standard Chartered Bank from time to time;
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Related to Shariah Board

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Management Board means the management board of the Company.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Company Board of Directors means the board of directors of the Company.

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

  • Compensation Committee means the Compensation Committee of the Board.

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • Parent Board means the board of directors of Parent.

  • Medical Board means the North Carolina Medical Board.

  • Governing board means the Fund's Board of Directors if the Fund is a corporation or the Fund's Board of Trustees if the Fund is a trust, or, where duly authorized, a competent committee thereof.

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

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 116;

  • 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.

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

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Supervisory Board means the individual or group of individuals that

  • Full Board means the authorized number of voting members of the Board of Education.

  • Academic Board means the Academic Board of the University College established under paragraph 13;

  • Remuneration Committee means the remuneration committee of the Company;

  • 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.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

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

  • School board means the governing board of directors of the local school district.

  • Fund Board means the Board of Trustees of the Fund.