CBB Volume 6: Contents
Central Bank of Bahrain Volume 6—Capital Markets
Collective Investment Undertakings
CIU — Collective Investment Undertakings
CIU-6 Shari'a Compliant CIUs
Location: Central Bank of Bahrain Volume 6—Capital Markets > Archive > Part A > Collective Investment Undertakings > CIU — Collective Investment Undertakings > CIU-6 Shari'a Compliant CIUs > CIU-6.1 Additional Requirements > Shari'a Advisers
CIU-6.1.4(a) Appointments, dismissals or other changes in respect of members of the Shari'a Advisers are approved by the governing body of the CIUG (i.e. its directors or trustees, as appropriate);(b) The Shari'a Advisers are independent of the CIU and its operatorG — amongst other things, no Shari'a Adviser should be a director, trustee or controller of the CIUG or its operatorG ;(c) The Shari'a Advisers selected are suitably qualified and experienced for their role; and(d) The Shari'a Advisers are given sufficient resources and access to information and personnel in order to undertake effectively their role as Shari'a Advisers to the CIUG .