Allah says in the holy Qur'an:

و أحل الله البيع وحرّم الربّو ...

"Allah (SWT) has permitted trading and forbidden usury" (Q 2: verse 275)

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The following are activities of the society:

General Meetings

General meetings are held every ...

It is the duty of every member to attend General Meetings regularly and punctually
The notice required for all types of General Meetings shall be twenty-one (21) days from the date on which the notice was sent out

Extraordinary General Meeting

  • An extraordinary General Meeting may be called at any time by a majority of the Management Committee or on a request from the Director or from not less than one-fourth of the members of the Society;
  • Only the advertised object of such proposed meeting shall be transacted or discussed at such meeting.
  • Where the Director convenes such meeting he may direct what matters shall be discussed at the meeting and may not need to give 21 days notice as indicated above.

Annual General Meeting

The Annual General Meeting shall be held within the first and second quarters of the succeeding year after the Annual Statements of Accounts have been prepared and approved by the Director.

Agenda of the annual general meeting shall include:
  • Receiving a report on the preceding year’s operations of the Society with the Statement of Accounts from the Management Committee;
  • Dealing with any communication received from the Director;
  • Other matters as presented by the Management Committee.

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