Article (15) The Committee's By-laws
The company shall set, by a resolution of its board of directors, the by-laws for the Shariah Supervision Committee work. The by-laws shall state how the Committee will hold its meetings, what is the quorum, and how it takes decisions. However, the by-laws must provide that deputizing other Committee members to attend its meetings or to vote on the decisions is not permissible. The by-laws must specify the relation of the Committee with the company's various functions and with the Shariah Controller. A copy of the by-laws must be sent to the Authority for approval.