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Qatar Financial Centre Legislation: Contents

  • Qatar Financial Centre Legislation
    • QFC Law No. (7) of Year 2005
    • QFC Regulations
    • QFCA Rules
    • QFCRA Rules
      • Anti-Money Laundering and Combating the Financing of Terrorism (General Insurance) Rules 2019 (AMLG)
      • Anti-Money Laundering and Combating the Financing of Terrorism Rules 2019 (AML/CFTR)
      • Banking Business Prudential Rules 2014 (BANK)
      • Captive Insurance Business Rules 2011 (CAPI)
      • Collective Investment Schemes Rules 2010 (COLL)
      • Customer and Investor Protection Rules 2019 (CIPR)
      • Customer Dispute Resolution Scheme Rules 2019 (CDRS)
      • General Rules 2005 (GENE)
      • Governance and Controlled Functions Rules 2020 (CTRL)
        • CTRL Chapter 1 General
        • CTRL Chapter 2 Corporate governance principles
        • CTRL Chapter 3 Governing bodies
        • CTRL Chapter 4 Senior management
        • CTRL Chapter 5 Controlled functions generally
        • CTRL Chapter 6 Internal controls and assurance
        • CTRL Chapter 7 Risk management
        • CTRL Chapter 8 Outsourcing
        • CTRL Chapter 9 Islamic financial institutions
          • CTRL Part 9.1 Preliminary
          • CTRL Part 9.2 Policies, procedures, systems and controls
          • CTRL Part 9.3 Shari’a supervisory boards
            • CTRL Division 9.3.A Appointment and operation of Shari’a supervisory boards
              • CTRL 9.3.1 Composition of Shari’a supervisory board
              • CTRL 9.3.2 Appointment etc of members of Shari’a supervisory board
              • CTRL 9.3.3 Assessing suitability of proposed members of Shari’a supervisory board
              • CTRL 9.3.4 Assessing good character of proposed members of Shari’a supervisory board
              • CTRL 9.3.5 Assessing competence of proposed members of Shari’a supervisory board
              • CTRL 9.3.6 Policy in relation to appointments etc to Shari’a supervisory boards
              • CTRL 9.3.7 Records of assessment of suitability of Shari’a supervisory board members
              • CTRL 9.3.8 Islamic financial institution’s obligations to Shari’a supervisory board
              • CTRL 9.3.9 Information about Shari’a supervisory board to be given to Regulatory Authority
            • CTRL Division 9.3.B Shari’a supervisory board reports
            • CTRL Division 9.3.C Internal Shari’a reviews
          • CTRL Part 9.4 Conduct of Islamic financial business
        • CTRL Schedule 1 Guidance — classification of risks
        • CTRL Glossary
      • Individuals (Assessment, Training and Competency) Rules 2014 (INDI)
      • Insurance Business Rules 2006 (PINS)
      • Insurance Mediation Business Rules 2011 (IMEB)
      • Interpretation and Application Rules 2005 (INAP)
      • Investment Management and Advisory Rules 2014 (INMA)
      • Islamic Banking Business Prudential Rules 2015 (IBANK)
      • Islamic Finance Rules 2005 (ISFI)
      • Professional Investors Fund Rules 2022 (PROF)
      • Representative Office Rules 2020 (REPO)
    • Rulemaking Instruments (By year)
    • Court and Regulatory Tribunal Regulations and Rules
    • Waivers and Modifications
    • Consultation Papers
    • QFC Forms
    • QFC Regulations Guidance
    • QFCA Legal Interpretations
    • Policy Statements and Notices
    • Gazette
    • QFCRA Rulebooks Archive
    • QFC Regulations Archive
    • QFC Forms Archive
    • QFC Law Archive
    • QFCA Rules Archive
    • QFC Regulations Guidance Archive
    • Amending Documents Archive
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  1. Qatar Financial Centre Legislation
  2. QFCRA Rules
  3. Governance and Controlled Functions Rules 2020 (CTRL)
  4. CTRL Chapter 9 Islamic financial institutions
  5. CTRL Part 9.3 Shari’a supervisory boards
  6. CTRL Division 9.3.A Appointment and operation of Shari’a supervisory boards
  7. CTRL 9.3.1 Composition of Shari’a supervisory board
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‹ CTRL Division 9.3.A Appointment and operation of Shari’a supervisory boards CTRL 9.3.2 Appointment etc of members of Shari’a supervisory board ›

CTRL 9.3.1 Composition of Shari’a supervisory board

(1) An Islamic financial institution must have a Shari’a supervisory board. The board must have at least 3 members.
(2) Each member must be capable of exercising strong and independent oversight of, and adequate objective judgment about, Shari’a-related matters.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)
‹ CTRL Division 9.3.A Appointment and operation of Shari’a supervisory boards CTRL 9.3.2 Appointment etc of members of Shari’a supervisory board ›

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