IDLC Shariah Fund meeting held -

The 15th Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held on Monday, with Maulana Sayed Kamaluddin Abdullah Zafree in the Chair, says a press release.

Board members Dr. Syed Muhammed Emdad Uddin, Dr M Mahabbat Hossain, Prof Mamtaz Uddin Ahmed, FCMA, Dr Muhammad Manzur-E-Elahi and Mufti Yusuf Sultan reviewed the Shariah-related activities for the first quarter (July-September) and approved all the Shariah Compliance Reports of the mutual fund.

The Shariah Board also discussed issues related to Shariah-based laws and guidelines of IDLC Asset Management Shariah Fund and appreciated the management for ensuring Shariah Compliance for the Fund.