KUALA LUMPUR: Bank Negara has appointed Prof Dr Amir Shaharuddin and Prof Dr Abdul Rahim Abdul Rahman as new members of the Shariah Advisory Council (SAC).
With the new appointments, the SAIC will comprise nine members, serving as the highest authority for ascertaining Islamic law for purposes and issues related to Islamic financial businesses, activities, or transactions in Malaysia.
"The SAC's rulings serve as a reference for Islamic financial institutions in ensuring their business operations comply with Shariah principles.
"The rulings also serve as a reference for the courts and arbitrators. The SAC is thus central to promoting certainty of Shariah practice and sustaining public confidence in the Islamic finance industry," said the central bank in a statement.
The council is chaired by Datuk Prof Dr Ashraf Md Hashim, while Prof Dr Engku Rabiah Adawiah Engku Ali serves as deputy chair.
Other members of the SAC include Datuk Prof Dr Mohamad Akram Laldin, Burhanuddin Lukman, Sahibus Samahah Datuk Setia Prof Madya Haji Anhar Haji Opir, Dr Marjan Muhammad and Dr Ahmad Basri Ibrahim.
