SG-2.8.3
(a) A mandate that grants it appropriate powers to carry out its role and functions;
(b) Well-organised operating procedures with regard to meetings, the recording of meetings, the manner in which a submission or request for Shari'a pronouncements/resolutions should be made to the SSB, decision-making processes and to whom its decisions will be passed for effective implementation, including processes to review those decisions whenever necessary;
(c) A sound code of ethics and conduct that would enhance the integrity, professionalism and credibility of the members of the SSB; and
(d) A procedure either for each individual member or as a group, in the furtherance of their duties, to take independent professional advice, such as on legal, accounting, financial or valuation issues, if necessary, at the Bahraini Islamic bank licensee's expense.
August 2017