Entire Section

  • IFR 3.7.4 IFR 3.7.4

    An Authorised Person must ensure that the internal Shari'a review is performed by the internal audit function or the compliance function of the Authorised Person and that the individuals or departments involved in performing the review are competent and sufficiently independent to assess compliance with Shari'a.

    Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]

    • IFR 3.7.4 Guidance

      For the purposes of assessing competency of personnel or departments which perform the internal Shari'a review, an Authorised Person should consult AAOIFI GSIFI No. 3 paragraphs 9 to 16 inclusive.

      Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]