Syariah Financial Supervisory Board Act · s 15

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s 15

(1)

Unless the Board otherwise approves in writing, no financial institution shall appoint, engage or employ, as the case may be, any person —

Syariah Financial Supervisory Board

(a)

to become a member of any syariah advisory body of;

(b)

to act as a syariah consultant or syariah advisor of, that financial institution.

(2)

In an application for approval pursuant to subsection (1), the financial institution shall submit to the Board such information as the Board may determine.

(3)

The decision of the Board to grant or refuse to grant an application for approval shall be final and shall not be subject to any appeal.

(4)

No purported employment or purported engagement of any such person shall be valid for any purpose if the prior approval in writing of the

Board has not been obtained in respect of that person.