Section 23A
Establishment of Shariah Advisory Committee
of Employees Provident Fund Act 1991
ActIn forceProvision 24 of 147
Section 23A
(1)
The Board shall establish a Shariah Advisory Committee which shall be the authority for the ascertainment of Shariah matters for the purposes of advising the Board and the Investment Panel in ensuring that the management of the accounts of the members of the
Fund whose elections under section 43A have come into effect complies with Shariah principles, including the contributions, investment and dividend.
(2)
The Shariah Advisory Committee may determine its own procedures.