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IFR 3.5.1
When an
Authorised Person appoints aShari'a Supervisory Board , it must ensure that:(a) theShari'a Supervisory Board has at least three members;(b) the members appointed to theShari'a Supervisory Board are competent to perform their functions asShari'a Supervisory Board members;(c) any appointments, dismissals or changes in respect of members of theShari'a Supervisory Board are approved by theGoverning Body of theAuthorised Person ; and(d) no member of theShari'a Supervisory Board is a director orController of theAuthorised Person .Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]