Securities Commission announces new members of Shariah Advisory Council


Securities Commission Malaysia building at Kuala Lumpur.

KUALA LUMPUR: The Securities Commission (SC) has announced its new Shariah Advisory Council (SAC) line-up for a three-year term from July 1, 2023 to June 30, 2026.

The new line-up consists of the following members:

  • Professor Dr. Aznan Hasan – Professor, Institute of Islamic Banking and Finance, International Islamic University Malaysia (Reappointment)
  • Professor Dr. Engku Rabiah Adawiah Engku Ali – Professor, Institute of Islamic Banking and Finance, International Islamic University Malaysia (Reappointment)
  • Professor Dr. Ashraf Md Hashim – Deputy President Research/Executive Director, ISRA Research Management Centre, INCEIF University (Reappointment)
  • Professor Datuk Dr. Asmadi Mohamed Naim – Vice Chancellor, Sultan Abdul Halim Mu’adzam Shah International Islamic University (Reappointment)
  • Associate Professor Dr. Mohamed Fairooz Abdul Khir – Director, Centre of Excellence in Islamic Social Finance, INCEIF University (Reappointment)
  • Sahibus Samahah Datuk Setia Dr. Haji Anhar Haji Opir – Mufti of Selangor (New appointment)
  • Dr. Marjan Muhammad – Director, Research Quality Assurance and Publications, ISRA Research Management Centre, INCEIF University (New appointment)
  • Assistant Professor Dr. Akhtarzaite Haji Abdul Aziz – Assistant Professor, Abdulhamid Abusulayman Kulliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia (New appointment)
  • Burhanuddin Lukman – Former Researcher, International Shariah Research Academy for Islamic Finance (New appointment)

In a statement, the SC said SAC comprises prominent Shariah scholars, academicians and market practitioners with vast knowledge and experience in Shariah, capital markets, finance and law.

SC chairman Datuk Seri Dr Awang Adek Hussin said: “The SAC plays a key role in ensuring the Islamic capital market stays abreast of the

latest developments in the industry, while supporting and facilitating efforts to reinforce Malaysia’s position as a leader in this space.”

“At the SC, we continue to integrate innovations and sustainability into Shariah knowledge and practices to solidify Malaysia’s competitiveness as a prominent global ICM thought leadership hub.

“We thank past members1 for their dedication in advancing the development of Malaysian ICM and look forward to the contributions of the new line-up towards advancing our Islamic finance aspirations,” he said.

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