BIMB Integrated Annual Report 2019

123 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary 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. 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 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 Framework for Islamic Financial Institutions issued by Bank Negara 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 internal Shariah compliance functions encompassing Shariah audit, Shariah risk management, Shariah review and Shariah research to facilitate and support new product development activities, Shariah training, management of Shariah non-compliance risks, Shariah audit and 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, 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. 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, the businesses, operations and activities of the respective Companies for the year ended 31 December 2019 had been 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. PROFESSOR DATO’ DR AHMAD HIDAYAT BUANG Chairman Shariah Supervisory Council of Bank Islam Malaysia Berhad PROFESSOR DR MUHAMMAD RAHIMI OSMAN Chairman Shariah Advisory Body of Syarikat Takaful Malaysia Keluarga Berhad PROFESSOR EMERITUS DATO’ DR MAHMOOD ZUHDI HAJI ABDUL MAJID Chairman Shariah Advisory Committee of BIMB Securities Sdn. Bhd.