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IFR 3.5.3 Guidance

The records of the assessment of competency of Shari'a Supervisory Board members should clearly indicate; at least:

a. the factors that have been taken into account when making the assessment of competency;
b. the qualifications and experience of the Shari'a Supervisory Board members;
c. the basis upon which the Authorised Person has deemed that the proposed Shari'a Supervisory Board member is suitable; and
d. details of any other Shari'a Supervisory Boards of which the proposed Shari'a Supervisory Board member is, or has been, a member.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]