Article Ten: Independence
| No: 42071901 | Date(g): 26/5/2021 | Date(h): 15/10/1442 | Status: In-Force |
Translated Document
Effective from Jan 01 2022 - Dec 31 2021
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The independence of the committee must always be maintained in the performance of its duties to issue objective and reliable Shariah rulings, as follows:
- The Board of Directors must acknowledge the independence of the committee and ensure that it is not subjected to any influence that may hinder its ability to issue objective Shariah rulings when reviewing matters presented to it.
- Shariah rulings issued by the committee may not be altered or ignored without the committee’s approval.
- The committee must receive accurate and complete information from senior management, and it has the right to request additional information from senior management if the information provided is insufficient.
- If the committee is not provided with the required information, the matter must be reported to the Board, which must take appropriate action to correct the situation.