Government officials implicated in the Jalur Gemilang error within the SPM report have been identified, prompting promised action, asserts Shamsul Azri.
Heads Up: Two Heavyweight Shariah Leaders Join Bank Negara's Powerhouse
📅 Droppin' the news on ya: It's confirmed! As of May 1, 2025, Bank Negara Malaysia (BNM) is welcoming heavy-hitters, Prof. Dr. Amir Shaharuddin and Prof. Dr. Abdul Rahim Abdul Rahman, to join the Shariah Advisory Council (SAC) for a solid two-year term. 🔥
🤔 What's the backstory, you say? well, things have been cooking according to section 53(1) of the Central Bank of Malaysia Act 2009, that's what. 📜
🔥 So, who are these vibin' Shariah gurus?
👓 Prof. Dr. Amir Shaharuddin, the savvy chap on board, helms the Centre of Excellence in Islamic Social Finance at INCEIF University. He's got skills and experience up the wazoo in this field, and we can't wait to see him slaying it in the BNM scene! 🤩
👓 Prof. Dr. Abdul Rahim Abdul Rahman is a well-known name in Malaysia, a member of Majlis Agama Islam Wilayah Persekutuan (MAIWP). With his undeniable convictions and expertise, he's a vital addition to the SAC roster. 🎯
👍 What does this mean for the SAC and Malaysia's Islamic financial institutions? With these two newcomers, the SAC will be amped up to nine members, all armed with shariah, Islamic finance, accounting, and law expertise. They'll be serving as the ultimate voice of Islamic law for financial matters in Malaysia. 💼
💥 What's the big deal, though? The SAC's decision-making serves as the go-to guidance for financial institutions to ensure they toe the line with shariah principles. By having these two bright minds in their crew, they'll be well-equipped to keep up with the evolving Islamic financial landscape. 🌐
Sources:[1] Bernama - https://www.bernama.com/bernama/v7/namn/2025/04/3082024.amp.html[2] INCEIF University - https://www.inceif.org/[3] Majlis Agama Islam Wilayah Persekutuan (MAIWP) - https://en.wikipedia.org/wiki/Majlis_Agama_Islam_Wilayah_Persekutuan
- The highly-anticipated development in Malaysia's financial industry involves the addition of Prof. Dr. Amir Shaharuddin and Prof. Dr. Abdul Rahim Abdul Rahman to Bank Negara Malaysia's Shariah Advisory Council (SAC).
- Prof. Dr. Amir Shaharuddin, an experienced veteran in Islamic social finance, will bring his expertise to the SAC from the Centre of Excellence in Islamic Social Finance at INCEIF University.
- The other newcomer, Prof. Dr. Abdul Rahim Abdul Rahman, is a well-known figure in Malaysia, with a membership in Majlis Agama Islam Wilayah Persekutuan (MAIWP).
- By increasing the SAC roster to nine members, these appointments ensure the council has well-rounded expertise in shariah, Islamic finance, accounting, and law.
- The new members will enhance the SAC's ability to address emerging trends in the Islamic financial landscape and provide guidance to Malaysia's Islamic financial institutions.
- The SAC's decision-making is crucial for ensuring compliance with shariah principles across the country's financial institutions.
- The new appointments underscore the significance of these leaders' contributions to the ongoing development of Malaysia's banking and insurance sector, with a focus on adhering to the principles of finance and business in accordance with Islamic law.
