Skip to main content

Article (71): Higher Shari’ah Authority

1)

The Higher Sharia’ah Authority shall set the Sharia’ah rules, standards and principles for Takaful Insurance Companies business, and shall control and supervise the internal Sharia’ah supervisory committees referred to in Article (72) hereunder.

2)

Takaful Insurance Companies shall bear the expenses of the Higher Sharia’ah Authority, including the provisions, remunerations and expenses of its members, pursuant to the articles of association of the Higher Sharia’ah Authority.

3)

Takaful Insurance Companies and the internal Sharia’ah supervisory committees shall comply with fatwas and opinions issued by the Higher Sharia’ah Authority.