CmaBylaw
Executive Bylaws
2-2-6 Of Module Five: Securities Activities and Registered Persons
Section: Chapter Two: Reviewing the Accounts of Licensed Persons, the Sharia Supervisory System for Persons Licensed to Operate in accordance with Islamic Sharia
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Sunday, 05 February 2017
The Internal Sharia Auditing Unit shall verify the application of Sharia by reviewing randomly selected cases of diverse daily transactions of the business of the Licensed Person; to ensure that the departments comply with the Sharia standards and the related decisions of the Authority, within periodical appointments and field visits to locations or organizations that the Licensed Person deals with, as necessary.
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