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Our Performance Sustainability Statement Our Governance Our Numbers Other Information

When faced with the year’s challenging In compliance with SOPs and mindful APPRECIATION &
operating environment, the Committee of the need for swift responses, most ACKNOWLEDGEMENTS
took to heart the words of Rasulullah meetings were conducted via online
SAW when asked what type of earning platforms with several sign-offs by Allah SWT says, “And if Allah
was best. The reply, “A man’s work committee also done virtually. There touches you with affliction, none can
with his hand and every business were several issues of disruptions due remove it but He: But if He bestows
transaction which is approved,” (Rafi‘ to breaking line or limited access to an upon you a favor, remember that He
ibn Khadij, Mishkat al Masabih, online platform, but all in all a total of is the Possessor of every power to do
Hadith no. 2783) guided our steadfast 11 Shariah Committee meetings were all that He wills.” Al-An’am
commitment to meet, discuss, deliberate successfully held in FY2020. I take this opportunity to acknowledge
and provide resolutions on the issues the hard work and commitment of
of the day, within the constraints of members of the SC who have been
time and social distancing we faced in Rasulullah SAW unwavering in giving their best
FY2020. to fortify Shariah governance and
reported: The seeking
The main focus for the year was the of knowledge is innovation for the good of all. We
application of financing moratorium would like to express our gratitude to
from a Shariah perspective; approvals obligatory for every YM Engku Ahmad Fadzil Engku Ali
on the reschedule and restructure Muslim. who ended his tenure on 31 March for
approach for customers who opt for (Ibn Majah and Bayhaqi in his contributions to the Bank’s Shariah
moratorium payment assistance; and Shu’ab al-Iman; Anas Ibn Malik journey during the year under review.
approval on new products and services in Al Tirmidhi, hadith 74). More members will soon join the SC as
initiated by the Bank. The new SOPs we aim to strengthen our composition
required also led to an increasing in order to effectively journey forth in
number of daily advisory issues that achieving the Bank’s goals.
had to be resolved. Moving further into a new balance
of VBI banking, the SC will continue In-sya’-Allah, with steadfast purpose
In FY2020, the SC endorsed the to play a vital role in several of and sincere intentions, the SC can
following new products and services: the Bank’s aspirations that require grow the possibilities of Shariah-led
innovative ways in which to optimise financing for Bank Muamalat towards
Ar-Rahnu Tawarruq wakaf and zakat funds in helping abundant benefits for our stakeholders.
to uplift the bottom 40% income
Jariah Fund Thank you and regards,
segment (B40) of our population. The
Wahed Invest Islamic Digital SC will also work to provide research
papers via the Shariah Division on
Islamic Multi Currency Trade proposing new initiatives and product
Financing) (“MCTF-i”) structures specifically to help B40 and
asnaf (zakat eligible) categories. Our TN. HJ. AZIZI CHE SEMAN
Danajamin Prihatin Guarantee activities will always include system
Scheme (“DPGS”) enhancements to improve online Chairman, Shariah Committee

EasiGold Account Mobile Application communication platforms and reduce
human intervention and error, as we
Collaterised Personal Financing-i continue to ensure the Bank maintains
Programme and MCash Facility robust processes and policies on
Shariah compliance.