Page 141 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 139
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

NEGATIVE LIST The Shariah Committee member is expected to contribute and
allocate adequate time and effort to discharge his/her duties
The Shariah Committee member or his immediate family effectively. The Shariah Committee member must attend at
member must not: least 75% of the Shariah Committee meetings held in each
financial year. Where necessary, the participation of the Shariah
a. be an executive of the Bank during the tenure of his/her
Committee can be facilitated by way other than physical presence,
appointment or within the last two (2) years of his/her
remains the exception rather than the norm, and is subject
proposed appointment as a Shariah committee member;
to appropriate safeguards to preserve confidentiality of the
b. be a substantial shareholder, executive director or senior deliberations.
officer of the Bank or any of its affiliates; or
In respect of the quorum for Shariah committee meetings, the
c. have a significant business or other contractual relationship Bank must ensure that there is a majority of Shariah qualified
with the Bank or any of its affiliates within the last two (2) members to be present at each meeting. The Bank shall ensure
years. that any decision of the Shariah Committee must be made on
the basis of simple majority.
SHARIAH COMMITTEE MEETINGS The Shariah Committee shall put on record in its report or
statements directed to the board, its concerns over any Shariah
The Shariah Committee meetings shall be held at least once
non-compliance issues.
in every two (2) months. Meetings shall be held regularly to
ensure that: For January to December 2021, Shariah Committee attendance
for 13 meetings held are as follows:
a. the Shariah Committee is kept sufficiently in touch with the
business of the Bank;
Shariah Committee Members Attendance (%)
b. The operations of the Bank are not adversely affected
Hj Azizi Che Seman 13/13 (100%)
because of the difficulty in securing the Shariah Committee’s
approval for policy and decision. Dr Mohd Shahid Mohd Noh 13/13 (100%)

For the period of January to December 2021, thirteen (13) Dr Yusri Mohamad 11/13 (85%)
SC meetings were held, of which all Shariah decisions were
disseminated for further action by relevant business units: Dr Muhamad Azhari Wahid * 7/7 (100%)
Dr Ahmad Zakirullah Mohamed
No Meeting Date 7/7 (100%)
Shaarani *
1 1 Special SC Meeting 2021 12 January 2021
st
Prof. Madya Dr Mohamad Sabri Haron ** 6/6 (100%)
2 1 Monthly SC Meeting 2021 27 January 2021
st
3 2 Special SC Meeting 2021 9 February 2021 Dr Wan Marhaini Wan Ahmad ** 6/6 (100%)
nd
nd
4 2 Monthly SC Meeting 2021 26 February 2021 * First date of service on 1 April 2021
** Last date of service on 31 March 2021
rd
5 3 Special SC Meeting 2021 4 March 2021
rd
6 3 Monthly SC Meeting 2021 24 March 2021 It is concluded that all members of Shariah Committee complied
the attendance of not less than 75% to the meeting.
th
7 4 Monthly SC Meeting 2021 22 April 2021
th
8 5 Monthly SC Meeting 2021 20 May 2021
9 6 Monthly SC Meeting 2021 23 June 2021
th
th
10 7 Monthly SC Meeting 2021 30 August 2021
th
11 8 Monthly SC Meeting 2021 22 September 2021
th
12 9 Monthly SC Meeting 2021 17 November 2021
13 10 Monthly SC Meeting 2021 15 December 2021
th