SHARIAH REVIEW & SHARIAH AUDIT (CONTINUED) Shariah Audit Shariah Review 11) Human Resources Division 11) Review on Trade Products Against the Bank Negara Malaysia’s Shariah Policy Documents of Murabahah 12) Bank Islam Labuan Offshore Branch (BILOB)^ 12) Review on Term Deposit-i (Tawarruq) (TDT-i) and TDT-i Special Against Bank Negara Malaysia’s Policy Document of Tawarruq 13) 53 Bank Islam Branches^ 13) Qard Micro Financing (BangKIT) 14) Commodity Trading Platform – Bursa Suq al-Sila’ (BSAS) (joint review) 15) Dynamic Hedging 16) Site Visit Verification on TPG Oil & Gas SB (Follow-Up Review on Ableace Raakin’s Commodity Supplier) (joint review) ^ Only Shariah related findings were escalated for deliberation and decision. SHARIAH TRAINING & AWARENESS During the year, various Shariah training and awareness programmes were designed and organised for the Bank Group’s Board of Directors (BOD) and the Bank’s staff nationwide. These include: a) Two (2) sessions for the BOD on ‘Maqasid Shariah in Islamic Banking’ and ‘Dinamika Dalam Fiqh Muamalat’ by Professor Dato’ Dr Ahmad Hidayat Buang and Dr Shamsiah Mohamad, respectively; b) Three (3) sessions of Bicara SSC on prevalent Shariah topics for the Bank’s staff by Sahibus Samahah Datu Hj. Kipli Hj. Yassin, Dr Shamsiah Mohamad and Prof. Dr Asmadi Mohd Naim; c) Four (4) sessions of quarterly Shariah Ruling and Resolution Training (Shariah Townhall) for the Bank’s Risk Controllers provided by Group Shariah Division (GSD), Shariah Risk Management Department and Shariah Compliance Department; d) Shariah e-learning of Module 1 and Module 2 for the Bank’s staff with requirements to pass a specific test at the end of the session and to complete both Modules by the end of July, August and September 2021. These Modules equip the Bank’s staff with fundamental knowledge of Fiqh al-Muamalat (Islamic Law of Transactions), which is applied in the practice of Islamic banking, requirements of Shariah governance within the industry and types of Shariah contracts used for the Bank’s products and services; e) Four (4) sessions of quarterly online Shariah training by the GSD personnel to further enhance the Shariah knowledge in addition to Shariah e-learning Modules; f) Shariah Online Quiz consisting of five (5) Modules, another platform for the Bank’s staff to assess their level of Shariah knowledge in understanding the fundamental concepts and principles of Islamic banking with the issuance of a certificate of achievement for each Module; g) Six (6) Shariah awareness sessions conducted during induction programme for new Bank’s staff; h) Two (2) Shariah risk sessions were conducted at head office as part of Operational Risk Management training, and two (2) sessions at branch level targeted Risk Controller (RC) to increase awareness and Shariah risk culture among staff. In addition to virtual training, the Shariah Risk e-learning module, which is part of Operational Risk Management e-learning, is provided to staff as a mandatory course. BANK I SLAM MALAYS IA BERHAD 222 Report of the Shariah Supervisory Council
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