Appendix: Template of the Charter
N 882/2024 Effective from 9/2/2024- Charter for Internal Shari’ah Supervision Committee in (insert the name of the Takaful Insurance Company)
- 1. Introduction
- 2. Definition of Internal Shari’ah Supervision Committee
- 3. Qualification of Members of ISSC
- 4. Independence of the ISSC
- 5. Appointment of ISSC, Membership Meriod, Dismissal And Resignation Of The Members
- 6. Responsibilities And Authorities Of The ISSC
- 7. The ISSC’s Meetings And Issuance of Resolutions
- 8. Methodology Of ISSC’s Functions
- 9. Subcommittees Of The ISSC
- 10. Internal Shari’ah Controls Functions
- 11. Engagement (Appointment) Letter
- 12. Approval, Effectiveness, Amendment and Review of the Charter
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