SSB Meetings
SG-2.3.18
The SSB should meet at least on a quarterly basis to review and approve key decisions relating to Shari'a matters.
August 2017SG-2.3.19
Each member of SSB must attend at least three fourth (75%) of the meetings during a calendar year. Attendances through video or conference calls are accepted. Further, in addition to the regular meetings, the SSB chairperson may convene SSB meetings as and when he deems necessary.
August 2017SG-2.3.20
All meetings must be chaired by the SSB chairperson and in his absence, by the vice chairperson.
August 2017SG-2.3.21
The quorum of SSB meetings must be majority of its members. The SSB decisions must be made through majority vote of SSB members.
August 2017SG-2.3.22
The agenda of the SSB meetings along with sufficient details must be sent to the SSB members well in advance, enabling them to come prepared in the meetings. The specific timelines for submission of the agenda must be set by the SSB itself.
August 2017SG-2.3.23
All the SSB approvals taken through circulation must be part of the minutes of the next SSB meeting.
August 2017SG-2.3.24
The minutes of meetings must be prepared and circulated to the SSB members. The SSB must ensure that the minutes of its meetings have necessary details of all the decisions made and / or fatawa issued along with the detailed rationale (Fiqhi or other) and difference of opinion or dissenting note, if any. Further, the minutes must be signed by all the SSB members who attend the meeting to confirm the matters addressed therein, no later than in the next meeting.
August 2017SG-2.3.25
For purposes of Paragraph SG-2.3.23, decisions taken in SSB meetings must be reflected, as appropriate, in policies and procedures and day to day operations of the
Bahraini Islamic bank licensee as applicable.August 2017
