Page 36 - Bank-Muamalat-Annual-Report-2021

34 BANK MUAMALAT MALAYSIA BERHAD
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE

IN THE NAME OF ALLAH, THE MOST GRACIOUS, THE MOST MERCIFUL

PEACE BE UPON YOU AND MERCY OF ALLAH AND HIS BLESSINGS

ALHAMDULILLAH,
ALL PRAISE IS DUE TO ALLAH SWT, THE SALUTATIONS AND GREETINGS TO OUR
PROPHET MUHAMMAD SAW AND HIS ENTIRE FAMILY AND COMPANIONS.

In the last decade, we have seen Islamic finance
become increasingly mainstreamed within the global
financial system and become a viable alternative
to conventional financial services as a source for
funding that is equity-based and asset-backed.
Beyond that, it has helped elevate and build a more
sustainable financial sector through its alignment
with ethical, sustainable, environmentally and socially
responsible finance. By adhering to Islamic principles,
it promotes risk sharing, connects the financial sector
with the real economy, and emphasises financial
inclusion and social welfare.

Hj. Azizi Che Seman
Chairman, Shariah Committee

SHARIAH COMMITTEE

CHAIRMAN’S STATEMENT

The Shariah Committee (SC) of Bank Muamalat strives to non-compliance events and any illegitimate income. We aspire
uphold the tenets of Shariah principles and guidelines in to strengthen the Shariah governance and integrate it into the
all of the Bank’s aims, operations, business and commercial Bank’s core strength so that all stakeholders can be assured
activities. Every product and service offered by the Bank must that all income received by the Bank is legal (halal); and benefit
be endorsed by the SC prior to its offer to a customer. In this from high impact Shariah research that leads to greater Shariah
context, the SC takes strict precautions to prevent Shariah innovation in the Bank’s products and services.