12 Enforceability of Qualified Financial Instruments Formerly Thought to be Shari'a-Compliant

If, at the time a person enters into a qualified financial instrument (or an agreement relating to such an instrument), the person believes, represents or indicates that it is satisfied that the instrument or agreement is Shari'a-compliant, the person may not subsequently avoid or challenge its obligations or entitlements under the instrument or agreement on the basis that the instrument or agreement has been found to be, or is perceived to be, inconsistent with a rule or principle of Shari'a.

Derived (as from 19th October 2017).