KUALA LUMPUR, July 13 2023 — The Securities Commission Malaysia (SC) has announced its new Shariah Advisory Council (SAC) line-up for a three-year term from July 1, 2023 to June 30, 2026.
SC, in a statement today said the new line-up comprises nine members with five reappointments and four new appointments.
Among the reappointed members are Professor (Prof) Dr Aznan Hasan and Prof Dr Engku Rabiah Adawiah Engku Ali, both of whom are professors at the Institute of Islamic Banking and Finance, International Islamic University Malaysia (IIUM).
The other three reappointed members are Prof Dr Ashraf Md Hashim, deputy president research/executive director, ISRA Research Management Centre, INCEIF University; Associate Prof Dr Mohamed Fairooz Abdul Khir, director, Centre of Excellence in Islamic Social Finance, INCEIF University; and Prof Datuk Dr Asmadi Mohamed Naim who is vice chancellor of the Sultan Abdul Halim Mu’adzam Shah International Islamic University.
Meanwhile, the new appointments include Mufti of Selangor Sahibus Samahah Datuk Setia Dr Anhar Opir and Research Quality Assurance and Publications, ISRA Research Management Centre, INCEIF University director Dr Marjan Muhammad.
The other two new appointments are Assistant Prof Dr Akhtarzaite Abdul Aziz of AbdulHamid AbuSulayman Kulliyyah of Islamic Revealed Knowledge and Human Sciences, IIUM, and Burhanuddin Lukman, former researcher at the International Shariah Research Academy for Islamic Finance.
Commenting on the new line-up, SC Chairman Dato’ Seri Dr Awang Adek Hussin said that the SAC plays a key role in ensuring the Islamic capital market stays abreast of the latest developments in the industry, while supporting and facilitating efforts to reinforce Malaysia’s position as a leader in this space.
“At the SC, we continue to integrate innovations and sustainability into Shariah knowledge and practices to solidify Malaysia’s competitiveness as a prominent global ICM thought leadership hub,” he said in the same statement.
The SAC comprises prominent Shariah scholars, academicians and market practitioners with vast knowledge and experience in Shariah, capital markets, finance and law.
Established on 16 May 1996 under the Securities Commission Malaysia Act 1993, the SAC is the authority for the determination of the application of Shariah principles for Islamic capital market (ICM) business or transactions.
Additionally, its mandate includes ensuring the implementation of ICM complies with Shariah principles.
— Akses Malaysia
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