Protection of Capital and Investments - Appendix C (Definitions)

Transcription

1. Shari ’ah Standard No. (45): Protection of Capital and Investments Appendix (C) Definitions Wilful Misconduct by the Manager Wilful misconduct by the manager that renders him liable is to do what he is not allowed to according to the dictates of the Shari’ah, or the contract, or customary practice. Negligence by the Manager Negligence by the manager that renders him liable is to fail to do what it is required of him by the Shari’ah, or the contract, or customary practice. 1114