‘Salam Sejahtera’ In carrying out the roles and responsibilities of the Shariah Supervisory Council (SSC) as prescribed in the Shariah Governance Policy Document (SGPD) issued by Bank Negara Malaysia (BNM), and in compliance with our letter of appointment, we hereby submit our report for the financial year ended 31 December 2021. The Bank’s management ensures that its conducts, operations, business, affairs, and activities follow the relevant Shariah rules and principles. Our responsibility is to form an independent opinion based on the review of conduct and businesses of the Bank in producing this report. We had convened nine (9) meetings during the financial year in which we reviewed, among others, products, transactions, services, processes and documents of the Bank. In performing our roles and responsibilities, we had obtained all the information and explanations which we considered necessary in providing us with sufficient evidence to give a reasonable assurance that the Bank has complied with the applicable Shariah rules and principles. At the management level, the Group Chief Shariah Officer (cum Secretary of the SSC), who functionally reports to the SSC, oversees the conduct and ef fectiveness of Group Shariah Division’s (GSD) functions that carry out the roles and responsibilities related to the Shariah secretariat, research and advisory. The control functions further confirm the Bank’s Shariah governance comprising of Shariah Risk Management, Shariah Compliance and Shariah Audit that resides in the Group Risk Management Division, Group Compliance Division, and Group Internal Audit Division, and reports directly to the Group Chief Risk Officer, Group Chief Compliance Officer, and Group Chief Internal Auditor respectively. The following are the significant developments that took place during the financial year, which reside under our purview: APPROVALS To ensure smooth and timely execution of our business operation, we empower the Group Chief Shariah Officer (GCSO) and Senior Manager of Group Shariah Division to approve a non-substantial variation of Shariah related matters. The approvals are then reported to us periodically as notification. Concurrently, the GCSO or his representative is also sitting as a member in the following committees to advise the Bank on matters relating to Shariah rules and principles: i) Management Committee; ii) Sadaqa House and Zakat Committee (Vice Chairman); iii) Management Risk Control Committee; iv) Operational Risk Control Committee; v) Underwriting and Investment Committee; vi) Product Development Oversight Steering Committee; INTEGRATED ANNUAL REPORT 202 1 Key Messages Overview Value Creation MD&A Sustainability Leadership Accountability Financial Additional Information 219 REPORT OF THE SHARIAH SUPERVISORY COUNCIL
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