Page 158 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

GOVERNANCE
DISCLOSURE

A summary of training courses attended by the Directors during the financial year are listed below:
• FIDE CORE Programme - Module A & Module B
• AIBIM Integrity Year 2023 Launching and Townhall

• CMDP Module 1: Directors as Gatekeepers of Market Participants
• Bank Muamalat Training: AMLA/CFT
• FIDE Enrollment Programme - Keeping The Board Out Of Trouble

• Shariah Structured Training : Overview of Islamic Financial Inclusion- Waqf, Zakat & Sadaqah /Social Finance Instruments
• Islamic Finance for Board of Directors Training Programme (IF4BOD)
• Anti-Bribery And Anti-Corruption (ABAC) Training For Board Of Directors And Chief Executive Officers
• Artificial Intelligence (AI) for Company Directors and Executives

• FIDE “Beyond Box-Ticking: Essentials for Effective Remuneration Committees”
• Shariah Structured Training: Islamic Capital Market Products & Instruments
• Bank Muamalat: FIDE Training - Complimentary Talk on “Sustainability In The Digital Age”
• Bank Muamalat Shariah Structured Training: Digital Banking the Way Forward for Islamic Finance

• Cybersecurity Awareness
• Bank Muamalat: FIDE Training - ESG and Islamic Finance: Implications for Boards and Corporate Governance
• BCM Awareness
• FinTEch for Real: AI in Banking & Finance

v. Ethical Business Conduct and Whistle Blowing
The Board of Bank Muamalat places significant importance on promoting a culture of good corporate governance that
upholds the values of integrity, ethics and transparency in all aspects of its operations.
To ensure compliance with these values, the Board has established a Code of Business Conduct (CoBC) that lays out
the expected conduct of all employees, directors and third-party entities involved in business dealings with
Bank Muamalat. The CoBC encompasses various procedures related to non-discrimination, whistleblowing, asset and
property protection, confidential information, personal data protection, insider trading, fraud, conflict of interest,
bribery and anti-corruption.
All directors and employees of Bank Muamalat are expected to adhere to the CoBC. Recently, the CoBC has been
updated to incorporate fundamental principles on Competence, Integrity, Fairness, Confidentiality and Objectivity,
aligned with the Professional Code developed by the Financial Services Professional Board (FSPB), guidelines from
relevant Acts and regulatory requirements. The CoBC aims to mitigate the impact of changes resulting from the Industrial
Revolution 4.0, such as IT device utilisation, social media usage, and cybersecurity threats.

Bank Muamalat has a zero-tolerance policy towards any conduct that constitutes malpractice, including breaches of
ethics, conflict of interests, bribery and corruption, money laundering, terrorism financing, and fraudulent acts,
as described in its Anti-Bribery Code and other relevant documents.
In line with the requirements of the BNM CG and the CA 2016, the Board has established a Whistleblowing Policy that
provides a secure reporting avenue via the Ethics Hotline for employees and third parties who have knowledge or are
aware of any improper conduct or unethical behavior, including suspected fraud, bribery, corruption and criminal activity.

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