Skip to main content

Article (73): Report of Internal Sharia’ah Supervisory Committee

1)

The Internal Sharia’ah Supervisory Committee shall prepare an annual report, as per the form determined by the Higher Sharia’ah Authority, presenting the extent of the compliance by the management of Takaful Insurance Company with the application of the provisions of Islamic Sharia’ah in the business and activities it carries, the products it provides, the contracts it concludes, and the documents it uses.

2)

The Internal Sharia’ah Supervisory Committee’s report shall be submitted to the Supreme Sharia’ah Authority for approval before being presented to the general assembly.