Section 9
Notices of appointments under section 6 shall be published in the
of Syariah Financial Supervisory Board Act
Gazette.
Meetings of Board 10.
(1)
In the absence of the Chairman from any meeting of the Board, his functions under this section shall be exercised by the Deputy Chairman of the Board.
(2)
The Chairman of a meeting shall have an original vote and also a casting vote.
(3)
The Board shall meet at such place and time as the Chairman may appoint.
(4)
The Chairman shall summon meetings as often as may be required but not less than six in one year.
(5)
The Board may invite any person, not being a member, to attend a meeting of the Board for the purpose of giving advice to the Board on any matter.
(6)
The Board shall cause proper records of its proceedings to be kept.
(7)
Subject to the provisions of this Act, the Board may determine its own procedure.
(8)
All acts done by the Board shall, notwithstanding any vacancy in the Board or that it is afterwards discovered that there was a defect in the appointment of any person purporting to be a member thereof, be valid as if no such vacancy or defect has existed.
Quorum and decisions 11.
(1)
No business shall be transacted at a meeting unless a quorum is present.
(2)
At every meeting of the Board, two-thirds of the numbers of members including the Chairman or Deputy Chairman shall constitute a quorum.
Syariah Financial Supervisory Board 10
(3)
A decision at a meeting of the Board shall be adopted by a simple majority of the members present and voting.
Conformity and observance with qaul muktamad 12.
(1)
When making any decision pursuant to the performance of its duties under this Act, the Board shall conform to and observe the accepted views (qaul muktamad) of the Syafeite, Hanafi, Maliki or Hanbali sect of
Ahlis Sunnah Waljamaah.
(2)
If the Board considers that such accepted views (qaul muktamad)
are or are likely to be incompatible with the public interest or that there is no apparent guidance in such views on any matters, the Board may decide according to maslahah.
(3)
In this section, “maslahah” means any interest, benefit, ease or welfare of the public which is not contrary to Hukum Syara’.
Annual report 13.
The Board shall, as soon as practicable after the end of each calendar year, cause to be made and transmitted to the Authority and the Majlis a report dealing with the activities of the Board during the preceding year and with any proposed activity.
Board to approve Islamic product or services [S 36/2022]