INCEIF C-suite On BNM’s Shariah Advisory Council - INCEIF

INCEIF C-suite On BNM’s Shariah Advisory Council


25 Jan, 2023, Kuala Lumpur – Congratulations to Prof Dr Ashraf Md Hashim, CEO of ISRA Consulting (the consulting subsidiary of INCEIF University) on his appointment as the new Chairman of Shariah Advisory Council (SAC) of Bank Negara Malaysia.

Congratulations are also in order for Datuk Prof Dr Mohamad Akram Laldin, Executive Director of ISRA Research Management Centre (the research department of INCEIF University) on his reappointment as a member of the SAC.

The 9-member SAC, which also includes existing SAC member Dr Marjan Muhammad, Director, Research Quality Assurance and Publications of ISRA Research Management Centre, is the highest authority for the ascertainment of Islamic law for Islamic financial business in Malaysia. The SAC is central in promoting Shariah certainty and sustaining public confidence in the Islamic finance industry. It also advises the Bank on Shariah issues relating to Islamic financial businesses, activities or transactions of the Bank. The rulings of the SAC serve as a reference for Islamic financial institutions in ensuring their business operations comply with Shariah principles. The rulings may also serve as a reference for the courts and arbitrators.

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