Entire section Custom print Link Text Only Rich Text Print
  Versions

 

CIU-6.1.4

The operator of CIUs defined in Rule CIU-6.1.1 must appoint two or more Shari'a Advisers and ensure that:

(a) Appointments, dismissals or other changes in respect of members of the Shari'a Advisers are approved by the governing body of the CIU (i.e. its directors or trustees, as appropriate);
(b) The Shari'a Advisers are independent of the CIU and its operator — amongst other things, no Shari'a Adviser should be a director, trustee or controller of the CIU or its operator;
(c) The Shari'a Advisers selected are suitably qualified and experienced for their role; and
(d) The Shari'a Advisers are given sufficient resources and access to information and personnel in order to undertake effectively their role as Shari'a Advisers to the CIU.