Skip to Content
Whole SectionText only Print Print Manager Link

HC-9.2.1

Islamic investment firm licenseesG which are guided by the principles of Islamic Shari'a have additional responsibilities to their stakeholders. Investment firm licenseesG which refer to themselves as "Islamic" are subject to additional governance requirements and disclosures to provide assurance to stakeholders that they are following Shari'a Principles. In ensuring compliance with Shari'a principles, each Islamic investment firm licenseeG must establish a Shari'a Supervisory Board consisting of at least three Shari'a board members.

Amended: October 2014
January 2011
 Versions
(2 Versions)
 
Jan 1 2011 - Sep 30 2014Oct 1 2014 onwards
Back to top