Article (31) Breaching the Islamic Shariah Provisions
Should it be evident that the company has carried out business inconsistent with the Islamic Shariah provisions, the company shall be notified by the Director General, after soliciting the opinion of the Supreme Committee, to rectify its status in line with the Islamic Shariah provisions within thirty days from the date of notification. If the company fails to do so, the matter shall be referred to the Authority’s board of directors to consider suspending the company from doing business for the period the board deems appropriate. Anyone proved to have been involved in an intentional Shariah breach shall be held accountable.