Details of Directors’ annual remuneration during the financial year under review are as follows: No. Name of Director Retainer Fees (RM) Sitting Allowances (RM) Other Benefits (RM)¹ Total (RM) 1. Tan Sri Dr Ismail Haji Bakar (Chairman) 200,000.00 65,000.00 230,000.00 495,000.00 2. Azizan Ahmad² 198,000.00 191,000.00 104,386.44 493,386.44 3. Mohamed Ridza Mohamed Abdulla³ – 3,000.00 100,000.00 103,000.00 4. Datuk Nik Mohd Hasyudeen Yusoff 180,500.00 188,000.00 75,000.00 443,500.00 5. Dato’ Sri Khazali Ahmad⁴ – – 80,000.00 80,000.00 6. Mohd Yuzaidi Mohd Yusoff 181,000.00 155,000.00 119,076.07 455,076.07 7. Mashitah Haji Osman 99,000.00 123,000.00 67,800.00 289,800.00 8. Dato’ Sri Amrin Awaluddin⁵ – 12,000.00 65,000.00 77,000.00 9. Mohd Asri Awang 154,500.00 123,000.00 72,787.45 350,287.45 10. Datuk Bazlan Osman 141,000.00 123,000.00 65,126.15 329,126.15 11. Nuraini Ismail 120,000.00 87,000.00 65,000.00 272,000.00 12. Dato’ Professor Dr. Noor Inayah Yaakub⁶ 91,500.00 60,000.00 25,000.00 176,500.00 TOTAL 1,389,500.00 1,130,000.00 1,069,176.11 3,588,676.11 Notes: ¹ Other Benefits include Senior Independent Director Allowance, Vehicle Allowance for Chairman, Leave Passage, Medical Reimbursement, Token of Appreciation and Farewell Gift ² Retired as an Independent Non-Executive Director on 2 January 2024 ³ Retired as a Non-Independent Non-Executive Director on 1 December 2022 ⁴ Retired as an Independent Non-Executive Director on 2 January 2023 ⁵ (i) Resigned as a Non-Independent Non-Executive Director on 5 May 2023 (ii) Dato’ Sri Amrin’s monthly allowance from January to April 2023 amounting RM24,000.00 was paid to Lembaga Tabung Haji ⁶ Appointed as an Independent Non-Executive Director on 7 April 2023 Remuneration Policy for Management Team (SMTs) and Material Risk Takers (MRTs) The Board is of the view that the disclosure of the remuneration of the top five (5) Management on a named basis in bands of RM50,000 as required under Practice 8.3 Step Up of the MCCG is not in the best interest of Bank Islam given the competitive market for talent in the industry. The top five (5) Management’s annual remuneration is disclosed, as follows: Range of remuneration No. of Management RM1,500,000 – RM1,550,000 1 RM1,550,001 – RM1,600,000 1 RM1,600,001 – RM1,650,000 1 RM1,650,001 – RM1,700,000 – RM1,700,001 – RM1,750,000 – RM1,750,001 – RM1,800,000 1 RM1,800,001 and above 1 Total 5 The adoption of the remuneration policy for SMTs/MRTs within Bank Islam promotes transparent and fair remuneration framework. The Policy sets forth appropriate governance around the total rewards of Bank Islam’s SMTs/MRTs for their contributions to Bank Islam, taking into account their roles and responsibilities from the perspective of performance excellence, risk management, compliance and sustainability. 219 1 2 3 4 5 6 7 8 9 www.bankislam.com ACCOUNTABILITY
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