The Committee shall have the following powers:

1. Issue legal opinions (Fatwa) in the field of Takaful insurance and investment in terms of compatibility of transactions related thereto with the Islamic Shariah provisions. Such Fatwas shall be binding over the companies and their Shariah Supervision Committees.
    
2. General oversight and inclusive Shariah control over the works of the Shariah Supervision Committees in the companies.
    
3. Coordinate the Shariah opinions issued by the Shariah Supervision Committees.
    
4. Settle disputes that may arise between the Shariah Supervision Committees and the companies' boards of directors.
    
5. Adopt the Shariah criteria, which the Shariah Control Committees must comply with in performing their duties.
    
6. Determine the Shariah areas of insurance, where Takaful insurance companies may practice their businesses.
    
7. Review the articles of association of Takaful insurance companies to ensure that they are acceptable in terms of Shariah.
    
8. Collect the Fatwas and jurisprudence opinions with respect to Takaful insurance and investment businesses that are compatible with the Islamic Shariah provisions, classify, explain, and distribute the same to the Takaful insurance companies to serve as a reliable Shariah reference.