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Thursday, December 29, 2011

The Syariah Advisory Committee (SAC)

The Syariah Advisory Committee (SAC) has a very important role in the management of a Islamic finance operation. The roles are in below line:
  1. Ensuring that the shareholders are managed and administered in consonance with the Syariah principle.
  2. Providing guidance and expertise.
  3. Consulting the authorities.
  4. Scrutinizing the company's compliance report.
  5. Preparing report to be included in the annual report.
  6. Ensuring the company with the guidance or guidelines.
  7. Vetting and advising on promotional of the company.
  8. Assisting and attending meeting called by the authorities.

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