(1) Subject to (2), the
Fund Manager of a Fund must establish and retain, for six years, records of:
(a) its assessment of the competency of the
Shari'a Supervisory Board members;
(b) the agreed terms of engagement of each member of the
Shari'a Supervisory Board; and
(2) If the
Fund Manager, pursuant to IFR Rule 6.2.1(2), appoints to the Fund the same Shari'a Supervisory Board it has appointed to the firm, the records required under IFR Rule 6.2.3(1) must be included in or otherwise form part of the records required under IFR Rule 3.5.3.