Meetings


Meetings

The Board of Trustees meets at least once a year on the invitation of its Chairman, or on the request of 25% of the members submitted to the Chairman. Invitations for a meeting are sent along with the agenda at least one month before the date of the meeting. The presence or proxy of the majority of the members will be necessary to convene the meeting. With the exception of proposals to amend the Statute of AAOIFI, which requires the vote of three-quarters of the members in person or by proxy, decisions in all other matters before the Board are adopted by the majority of the members voting in person or by proxy. In case of a tie, the Chairman will have a casting vote.