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Effective from Aug 09 2020 - Aug 08 2020 To view other versions open the versions tab on the right
The independence of the Shariah committee in performing its duties to issue objective and reliable Shariah decisions shall be observed continuously as follows:
1.
The board shall recognize the independence of the committee and ensure its freedom from any influence that would hamper the committee from issuing objective Shariah decisions when deliberating issues presented to the committee.
2.
The committee shall report to the board directly.
3.
The Shariah decisions issued by the committee should not be modified or set aside without its approval.
4.
The Shariah committee shall have accurate and complete information from the management. If the information provided is insufficient, the committee has the right to request additional information which shall be provided by the management.
5.
If the committee is not provided with the required information, the board shall be informed of the fact and an appropriate action shall be taken to rectify the situation.
