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SHARIAH-COMPLIANT

CONFIRMATION STATEMENT In Retrospect |

The Will to Suceed

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The Management of the respective Companies is responsible to ensure that the conducts and businesses of each of the
Companies are in accordance with Shariah rules and principles, and it is our responsibility to form an independent opinion
based on our review on the respective Companies and thenceforth produce this Confirmation Statement. Achieving a Leading Repute
We have reviewed, interalia, products, transactions, services, processes and documents of the respective Companies to
ensure its compliance with Shariah. In performing our roles and responsibilities, we had obtained all the information and
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explanation which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that
the respective Companies have complied with Shariah.
At the Management level, the Companies have implemented Shariah governance practices in compliance with guidelines
that are relevant to the respective industries, which include Shariah Governance Policy Document issued by Bank Negara Paving the Way for a Sustainable Future
Malaysia and Best Practices in Islamic Stockbroking Services Undertaken by Participating Organisation issued by the
Bursa Malaysia Securities Berhad. Such governance practices include the establishment of secretariat of the Shariah
committee and internal Shariah control functions encompassing Shariah audit, Shariah risk management and Shariah review
to facilitate and support new product development activities, Shariah research, Shariah training, management of Shariah
non-compliance risks, Shariah audit, Shariah review and the necessary coordination with us on matters that require our
decision.
We have assessed the Shariah review and Shariah audit reports presented to us and have examined, on a test basis, 117
the transactions, relevant documentation and procedures adopted by the Management of the respective Companies.
Our assessments were planned and performed in a way that would ensure all the information and explanations considered
necessary were obtained in order to provide us with sufficient evidence to give reasonable assurance that the respective
Companies have not violated Shariah.
We also confirm that every incident of Shariah non-compliance event has been brought to our attention and we have
subsequently noted that the corrective as well as preventive measures have been taken by the respective Companies in order
to avoid the same from occurring in the future. Any Shariah non-compliant income has also been disposed of to charitable
causes upon approval by us. Adhering to the Best Governance Practices
We had also reviewed the computation and payment of Zakat by the respective Companies.
In relation to the above, based on the information provided and disclosed to us, we, the Chairmen of the Shariah Committees
of the said respective Companies within BIMB Holdings Berhad, do hereby confirm that, to the best of our knowledge,
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the businesses, operations and activities of the respective Companies for the year ended 31 December 2020 had been
Laying the Foundation for Financial Growth
conducted in conformity with Shariah.

We bear witness only to what we know, and we could not well guard against the unseen! (Surah Yusuf, verse: 81)

Allah knows best.

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PROFESSOR DATO’ DR AHMAD PROFESSOR DR MUHAMAD PROFESSOR EMERITUS
HIDAYAT BUANG RAHIMI OSMAN DATO’ DR MAHMOOD ZUHDI HAJI Additional Information & Disclosure Summary
Chairman Chairman ABDUL MAJID
Shariah Supervisory Council Shariah Advisory Body of Syarikat Chairman
of Bank Islam Malaysia Berhad Takaful Malaysia Keluarga Berhad Shariah Advisory Committee
of BIMB Securities Sdn. Bhd.
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24 th AGM Information