CmaBylaw
Executive Bylaws
3-5-6 Of Module Five: Securities Activities and Registered Persons
Section: Chapter Three: Registered Persons
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Sunday, 05 February 2017
An External Sharia Auditing Office may apply for registration with the Authority as follows: 1. Complete an External Sharia Auditing Office registration application in accordance with Appendix 9 of this Module. The Authority shall issue its determination on the application within thirty days of the applicant submitting all required information and documents stated in the approved form. 2. The office shall have a license from the Ministry of Commerce and Industry to practice the activity of providing Sharia consultations. 3. Sharia Auditors in the office shall fulfil the conditions stated in Article (3-5-5) of this Module. 4. The office shall separate between the Sharia Auditors team who undertake external Sharia auditing from any team that provides Sharia consultations.
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