Sharia Supervisory Board

Sharia Supervisory Board
International, USA
Sharia Committee, Also known as a Sharia Supervisory Board.
A panel of Islamic scholars that determines whether a product, practice or service is Sharia-compliant. Generally, each Islamic finance institution or conventional financial institution that wishes to develop financial products and services for Muslims establishes a committee composed of one or more reputable Islamic finance scholars to pass judgment or issue fatwa indicating that the product or service is Sharia-compliant.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Sharia Committee — International, USA Sharia Committee, Also known as a Sharia Supervisory Board. A panel of Islamic scholars that determines whether a product, practice or service is Sharia compliant. Generally, each Islamic finance institution or conventional… …   Law dictionary

  • Islamic Financial Services Board — (IFSB) An international standard setting organisation of regulatory and supervisory agencies. It aims to promote and enhance the soundness and stability of the Islamic financial services industry. (From IFSB website: The Islamic Financial… …   Law dictionary

  • Corporate law — (also company or corporations law) is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another under the internal rules of the firm.… …   Wikipedia

  • Islamic banking — Banking A series on Financial services …   Wikipedia

  • Labour law — concerns the inequality of bargaining power between employers and workers. Labour law (also called labor law or employment law) is the body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on,… …   Wikipedia

  • Dow Jones Islamic Fund — The Dow Jones Islamic Fund (symbol: IMANX) invests in Shariah compliant companies, in response to the needs of Muslim investors, who not only want to have a financially rewarding investment, but a Shariah compatible one as well. Since its… …   Wikipedia

  • Islambank — Der Begriff Islamic Banking beschreibt den Versuch, Bankgeschäfte in Übereinstimmung mit den religiösen Regeln des Islam und der Schari a zu gestalten. Inhaltsverzeichnis 1 Kernelemente 1.1 Die wichtigsten Begriffe 1.2 Zinsverbot 2 Instrumente …   Deutsch Wikipedia

  • Islamic Banking — Der Begriff Islamic Banking beschreibt den Versuch, Bankgeschäfte in Übereinstimmung mit den religiösen Regeln des Islam und der Schari a zu gestalten. Inhaltsverzeichnis 1 Kernelemente 1.1 Die wichtigsten Begriffe 1.2 Zinsverbot 2 Instrumente …   Deutsch Wikipedia

  • Islamisches Bankwesen — (englisch Islamic Banking,‏مصرفية إسلامية‎ ) beschreibt die Führung von Bankgeschäften in Übereinstimmung mit den Ethik Vorstellungen des Islam (kurz: Kein Gewinn ohne gleichwertige Sachwerte). Als solches ist es ein Teilbereich des Islamischen… …   Deutsch Wikipedia

  • Bank of Sudan — is the central bank of the Sudan. The bank was formed in 1960, four years after Sudan s independence. It is located in Khartoum and its governor is currently Sabir Mohammed Hassan.HistoryWhen Sudan achieved independence in 1956, the creation of a …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”