Page 133 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
GOVERNANCE

MD KHAIRUDDIN
HJ ARSHAD

Independent
Non-Executive Director

Nationality Malaysian
Age and Gender 58 | Male
Date of Appointment 10 September 2019
Meeting Attendance 11/11

Md Khairuddin Haji Arshad was appointed as an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad
on 10 September 2019. He also serves as the Chairman of the Board Risk & Compliance Committee and a member of
the Board Audit and Board Veto Committees.

Md Khairuddin has over 25 years of experience in the banking industry. He started his career with Bank Negara
Malaysia (BNM) in 1991 and served in the Bank Regulation Department and Islamic Banking and Takaful
Department until 2005. He was involved in the establishment of the International Islamic Financial Market
and the Islamic Financial Services Board.
He was part of the pioneer management team tasked with the establishment of Perbadanan Insurans Deposit Malaysia.
He served as Chief Operating Officer and General Manager, Insurance, Risk Assessment and Monitoring Division since its
establishment in 2005 until 2013. He was also the first Chairman of the Islamic Deposit Insurance Group of International
Association of Deposit Insurers.
He joined Bank Rakyat in 2013 as Chief Risk Officer and his last position was Chief Operating Officer where he was entrusted
with the responsibilities to expand the retail and corporate banking businesses, ensure effective implementation of
the recovery and rehabilitation activities, manage corporate services effectively and continuously improve the effectiveness
and efficiencies of the overall banking operations.
He holds a Bachelor’s Degree in Accounting from the International Islamic University Malaysia. He also attended the Oxford
Advanced Management and Leadership Programme and ICLIF Global Leadership Development Programme. He also has
a Master of Business Administration from Heriot Watt University.

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