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Article (9) Responsibility of the Islamic Financial Institution

N 5785/2024 Effective from 29/11/2024
9.1The IFI must comply with the requirements stated in this Standard and the relevant Shari’ah governance standards. The Board has the ultimate responsibility in this regard and it may delegate some relevant duties to the audit committee.
9.2The audit committee should follow up on the work of the External Shari’ah Audit in accordance with this Standard and the relevant Shari’ah governance standards.