Shariah Principle definition

Shariah Principle means the Islamic principles of banking and finance as adopted and approved by the Shariah Advisory Council and the Chargee’s Shariah Committee.
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Shariah Principle means the rules, principles and parameters of Islamic law as interpreted, ascertained, determined or pronounced by the SAC and/or the Shariah Committee;
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Examples of Shariah Principle in a sentence

  • The parties hereto agrees that this Agreement shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 11.26 hereof.

  • This deposit that operates by taking permission from depositors would be taken to use their fund according to Shariah Principle and depositors would not receive any kind of profit.

  • This parties hereto agree that this Charge shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 10.02 hereof.

  • The parties hereto agree that this Charge shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 8.02 hereof.

  • An additional complicating factor of our type of skill scale is that some developers may have interpreted the values as absolutes rather than being relative to the attributes of others in their company, e.g., that it is reasonable to assess oneself as a “good” developer even when it is typical (“average”) to be that good in their company.

  • Tulip was acquired to facilitate the proposed issuance of offer for subscription or purchase of, or invitation to subscribe for or Purchase of Sukuk (Sukuk) pursuant to a Proposed Multicurrency Sukuk Programme under the Shariah Principle of Wakala (Sukuk Programme).

  • This parties hereto agree that this Assignment shall be governed by the laws of Malaysia and the Shariah Principle and agree to submit to the jurisdiction of the Courts of Malaysia and further agree that service of any Legal Process may be effected in the manner set out in Section 12.02 hereof.

  • Firstly, participants should indeed consider the central aspect to be more important to the original event than the peripheral one.

  • Odierno, The philosophy and Shariah Principle in Takaful, (Kuala Lumpur: CERT, 2008).ASMADI MOHAMED NAIM and PSA must be invested in Shari’ah compliant investments by the takaful operators.

  • Hong Leong Pay&Save Account-i adopts the Shariah Principle of Tawarruq and other Shariah principles approved by Bank Negara Malaysia (“BNM”).

Related to Shariah Principle

  • MacBride Principles means those principles relating to nondiscrimination in employment and freedom of workplace opportunity which require employers doing business in Northern Ireland to:

  • Halifax Abuse Principle means the principle explained in the CJEU Case C-255/02 Halifax and others;

  • Agreed Principles means the terms set out in Part 1 of Schedule 1;

  • Agreement in Principle means any enforceable agreement or any other agreement or similar commitment which identifies the fundamental terms upon which the parties agree or intend to agree which:

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Alternative Acquisition Agreement shall have the meaning set forth in Section 6.5(c).

  • Community practice protocol means a written, executed agreement entered into voluntarily between an authorized pharmacist and a physician establishing drug therapy management for one or more of the pharmacist’s and physician’s patients residing in a community setting. A community practice protocol shall comply with the requirements of subrule 8.34(2).

  • the data protection principles means the principles set out in Part I of Schedule 1 to that Act, as read subject to Part II of that Schedule and to section 27(1) of that Act;

  • Agreed Security Principles means the principles set out in Schedule 11 (Agreed Security Principles).

  • Privacy Shield Principles means the Privacy Shield Principles (as supplemented by the Supplemental Principles) contained in Annex II to the European Commission Decision C(2016)4176 of 12 July 2016 (as may be amended, superseded or replaced).

  • Governance Term Sheet means the Governance Term Sheet attached as Exhibit F to the Restructuring Support Agreement.

  • Implementation Letter means the letter of even date herewith from the Borrower to the Bank setting forth the Project monitoring indicators;

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • precautionary principle means that where there are threats of damage to the environment, whether serious or irreversible, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation;

  • Implementation Agreement means the Implementation Agreement dated ……… by and between the GOB, PGCB and the Company in connection with the Project, and also includes any amendment of it made from time to time;

  • Closing protection letter means an agreement by the division to indemnify a lender or owner or both for loss caused by a division closer’s theft of settlement funds or failure to comply with written closing instructions relating to title certificate coverage when agreed to by the division closer.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co‑ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Tax Protection Agreement means that certain Tax Protection Agreement dated as of the date hereof, by and among the REIT, the OP and the parties identified as a signatory on Schedule A thereto.

  • Memorandum of Agreement means the agreement executed by and between FFA and the Institution in which these Conditions have been incorporated by reference;

  • Community Charter means the Community Charter, S.B.C. 2003, c. 26, as may be amended or replaced from time to time;

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • 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.

  • Construction Agreement as used in this subsection means an agreement between Seller and any contractor or subcontractor to install the System;

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • Governing Council means the Governing Council of the University;