After greetings,

The Central Bank is pleased to attach herewith the Guidance Note Re Charter of Internal Shari’ah Supervision Committee, which applies to licensed financial institutions that conduct all or part of their activities and businesses in accordance with the provisions of Islamic Shari’ah (Islamic Financial Institutions).

This Guidance Note must be read in conjunction with the regulations, standards and resolutions issued by the Central Bank and the Higher Shari’ah Authority.

This Guidance Note is mandatory and effective from the date of this notice, taking into account what is stated in Article No. (4.2) of the Guidance Note.

Please bring this Guidance Note to the attention of the board of directors of your institution at the next board meeting.

Yours faithfully,