Section 2 (lxiv) and 156 Takaful Rules, 2012, R 26 The Takaful Scheme was a scheme of mutual assistance for participants in the event of the Company's failure to comply with the principles of Islamic Shariah, and some violations of the Shariah Guidelines. , And the participants unanimously agreed to contribute to the Joint Fund for this purpose in compliance with the Rules of Shariah Rule 26 of Takaful Rules, 2012, requiring that each operator appoint a Shariah Advisor, The source will ensure the compliance with the terms stated on the advice. On all matters of the Shariah Advisory Board, the Company's Shariat Board also set out Shariah guidelines regarding partnership arrangements with traditional insurance companies that Shariah guidelines related to the Sharif arrangements with traditional insurers. The default is M-Penney, a partner company issued by the Supervisory Board of Common Takaful Operators, must at all times follow the principles of Shariah, which is the most essential part of the taffle business, but the penalties provided under Section 156 of the Company Insurance Ordinance 2000 Instead of imposing penalties, and / or its directors, the Commission took a soft stand and commended the company for the fact that: (a) that the management of the company continued through the Shariah Supervisory Board Had followed the procedure outlined in the Shariah Guidelines. Ordinary Takaful Operators; and (b) that prior to December 2011, there was no guidance for the Company in relation to insurance / collective insurance arrangements with traditional insurers. \ r \ n \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2014
