• Policy and Procedures

    • SG-4.1.2

      The internal Shari'a audit function must be governed by a policy and procedures manual prepared by the management in consultation by SSB. The policy must be approved by the board of directors while the procedures must be approved by senior management.

      Amended: January 2020
      August 2017

    • SG-4.1.3

      For purposes of Paragraph SG-4.1.2, the policy and procedures manual must include, but is not limited to, the statement of purpose, authority and responsibility. The policy and procedures manual must make clear that the internal Shari'a audit staff have no executive authority or responsibility for the activities they audit.

      August 2017