In the Event of Any Conflict Between the Decision of the Sharī'ah

question 22

True/False

In the event of any conflict between the decision of the Sharī'ah board of an Islamic financial institution and the Sharī'ah Supervisory Council of the Central Bank, the resolution of the latter prevails.

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Definitions:

American Industry

The sector of the U.S. economy involved in the production of goods and services, encompassing a wide range of activities from manufacturing to technology.

Automobile

A motorized vehicle on wheels, commonly propelled by an internal combustion engine or an electric motor, utilized for transport purposes.

Computer Software

A set of instructions, data, or programs used to operate computers and execute specific tasks, distinct from the physical hardware on which it runs.

Economic Functions

The roles and operations of an economy, including production, distribution, and consumption of goods and services.