HC-9.4.4
The Board of directors of the
a) Have a clean background, a good character and conduct by being recognised for honesty, integrity and good reputation in their professional business and/or financial dealings, and not previously been convicted of any moral turpitude, felony or criminal offence;
b) Have competence, diligence, capability and soundness of judgement;
c) Have strong proficiency in Arabic, as they need to be very conversant with the primary sources of the Shari’a;
d) Have at least a bachelor degree (or its equivalent) in Islamic Shari’a;
e) Have a certified degree in Fiqh al Muamalat (Islamic commercial jurisprudence) with strong understanding of Usul Al Fiqh (rules of Islamic jurisprudence);
f) Have adequate understanding of Takaful/retakaful and accounting;
g) Have accumulated overall experience of at least seven years in Shari’a related scholarly pursuits (e.g. teaching, research, fatawa issuance, etc).
Added: October 2020