SHARIAH TRAINING & AWARENESS During the year, various Shariah training and awareness programmes were planned and organised for the Board of Directors, SSC members, Management and the Bank’s staff nationwide. These included among others: a) Two (2) sessions of Bicara SSC that featured Associate Professor Dr. Yasmin Hanani Mohd Safian (former SSC Member) on “Syariah Sebagai Paksi Kewangan Islam” and Ustaz Lokmanulhakim Hussain (Shariah Advisory Committee member of BIMB Securities) on “Fiqh Zakat Pelaburan”; b) Two (2) sessions of Bicara Murobbi that featured Ustaz Harryanto Rizal on “Hijrah Menuju Ilahi” and Dr. Ahmad Sufian Che Abdullah on “Parameter Emas/Akaun Emas Kontemporari”; c) One (1) session on Understanding the Financial Statement: A Thematic Analysis of BIMB’s Financial Position and Performance presented by Prof. Dr. Abdul Rahim Abdul Rahman; d) One (1) session on Special Coffee with Compliance – Navigating the Halal Horizon: Compliance Challenges in Islamic Banking by Ir. Dr. Muhamad Fuad Abdullah (Chairman of SSC); e) One (1) session on BNM’s Hajah and Darurah Policy Document presented by Ustaz Burhanuddin Lukman; f) Four (4) sessions of online Shariah training by Shariah Division (SD) officers to further enhance the Shariah knowledge of staff. The Bank had continued to support the elevation of SSC Members’ Shariah and Islamic banking knowledge as well as that of relevant staff by engaging relevant professional bodies and training providers such as Islamic Banking & Finance Institute Malaysia (IBFIM), Association of Shariah Advisors in Islamic Finance Malaysia (ASAS) and Chartered Institute of Islamic Finance Professionals (CIIF). As SSC members, we and relevant SD and Shariah compliance officers had attended certification programmes and courses organised by the above-mentioned bodies as follows: a) Certified Shariah Advisor (CSA); b) Certified Shariah Practitioner (CSP); c) Certified Professional Shariah Auditor (CPSA); and d) Chartered Professional in Islamic Finance (CPIF). SHARIAH NON-COMPLIANT EVENTS & NON-HALAL INCOME Throughout 2024, we had confirmed the following two (2) incidences of SNC events: 1. One (1) event related to payment service for Shariah non-compliance purpose. 2. One (1) event related to disclosing prospective Hibah and granting conditional Hibah to corporate customers under the Qard Current Account. The financial loss due to the first SNC event above is RM98.00 and the amount had been disposed of to charitable causes. We noted that certain Bank operations had lead to non-halal income, such as interest received, commissions from third party investment product and commissions from SNC merchants of card business. These streams of income had been unavoidable and shall be segregated from Bank’s income for the purpose of channeling to charitable causes. In the financial year 2024, the Bank had collected non-halal income of RM41,619.70 and in addition to RM2,081.62 brought forward from 2023, the total amount for disposal was RM43,701.32. A total of RM33,188.12 from this amount had been disposed of to charitable causes, as in Note 26 (Sources and Uses of Charity Funds) of the Bank’s Financial Statements. Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 276 Report of the Shariah Supervisory Council
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