CTRL 9.3.3 Assessing suitability of proposed members of Shari’a supervisory board

When the governing body of an Islamic financial institution is assessing an individual’s suitability for appointment as a member of the institution’s Shari’a supervisory board, the governing body must take into account:

(a) the individual’s good character (honesty, integrity, fairness and reputation);
(b) the individual’s competence, diligence, capability and soundness of judgment; and
(c) anything else that the governing body considers relevant.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)