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Article (12) Undertakings of the Committee

The committee undertakes the following:

  1. Setting the basic Shariah rules for the company’s operations.
     
  2. Review all the company's transactions, the Takaful insurance products, contracts, and documents which the company deals with in order to ensure compatibility with the Islamic Shariah provisions; and approve same before placing same into practical use.
     
  3. Review the Takaful insurance transactions and the investments conducted by the company, and show to what extent they are consistent with the Islamic Shariah provisions.
     
  4. Approve or reject any activity carried out by the company if such activity is inconsistent with the Islamic Shariah provisions.