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)|