Shari’ah board to present the Shari’ah report to the Board of Directors

Islamic banking: Shariah advisers to attend meeting

Available at: http://tribune.com.pk/story/87237/islamic-banking-shariah-advisers-to-attend-meeting/

KARACHI: The State Bank of Pakistan (SBP) has advised all Islamic banking institutions (IBIs) to invite their Shariah adviser for discussion on Shariah compliance report in the board of directors’ meetings during which annual audited accounts and the adviser’s report are discussed and approved.

In an announcement on Tuesday, the SBP said that the instruction is aimed at providing an opportunity to Shariah advisers to present the report, prepared in compliance with SBP instructions, to the board of directors and apprise it about the assessment on the overall Shariah compliance levels and environment in the IBIs.

Best Regards
ZULKIFLI HASAN

  • International Islamic University Malaysia

    Leave a Reply

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s