Page 422 - Bank-Muamalat-Annual-Report-2021

420 BANK MUAMALAT MALAYSIA BERHAD
OUR PERFORMANCE
OUR LEADERSHIP
ABOUT US
OUR STRA
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE
TEGY
BASEL II
PILLAR 3 DISCLOSURE

10.0 shArIAh governAnce DIsclosures (conT’D)

shariah governance structure
Internal shariah control
Shariah compliance management is driven top down from the Board through the Shariah Committee (“SC”) who has the
responsibility of understanding Shariah-related matters in the activities assumed by the Group and the Bank.
The Group and the Bank align its Shariah Management and Compliance organisational responsibilities with the objective of
ensuring a single view of risks across the Group and the Bank and putting in place capabilities for an integrated compliance
management. The SC function independently and ensure the integration of compliance management.

In ensuring that the compliance management functions are able to provide an independent evaluation of its overall business
decision and strategies, the functions are segregated to the business operating units.
Table 27: shariah governance structure

shariah governance structure
Internal shariah control

Board of
Director

Board risk shariah Board Audit
Management committee committee
committee

Management

Regulatory Advisory
Risk Management Shariah Internal Audit
Department Department & Compliance Department
Department

Shariah
Shariah Advisory & Shariah Shariah
Risk Management Review Audit
Research

Shariah Secretariat,
Governance &
Training