Page 34 - Bank Muamalat_AR24

32 BANK MUAMALAT MALAYSIA BERHAD

SHARIAH COMMITTEE
CHAIRMAN’S STATEMENT

In the name of Allah, the Most Gracious, the Most Merciful

Peace Be Upon You and Mercy of Allah and His Blessings

TOWARDS AN EQUITABLE, JUST AND
INCLUSIVE FUTURE

Rasulullah SAW says: “If the Hour (the Day
of Judgment) is about to be established and
one of you is holding a palm shoot, let him
plant it.”
[Sahih al-Bukhari:479]

In reflecting upon the preceding year and looking forward
with renewed purpose, the Shariah Committee is proud to
have played an integral role in embodying the theme of this
year’s report, “Safeguarding futures. Empowering Lives.”
Through diligent oversight, commitment to innovation, and
steadfast adherence to Islamic principles, we strive to ensure
that Bank Muamalat not only provides Shariah-compliant
financial solutions but also actively contributes to a more just,
equitable, and sustainable future for all.

DR. YUSRI MOHAMAD
Chairman, Shariah Committee

THE ENDURING SIGNIFICANCE OF SHARIAH IN OUR SAFEGUARDING FUTURES WITH GOVERNANCE,
BANKING ETHOS TRANSPARENCY, AND INTEGRITY

Allah SWT says: “And this is My path, which is straight, so follow Allah SWT says: “O you who have believed, be persistently
it; and do not follow [other] ways, for you will be separated standing firm for Allah, witnesses in justice, and do not let the
from His way. This has He instructed you that you may become hatred of a people prevent you from being just. Be just; that is
righteous.” nearer to righteousness. And fear Allah; indeed, Allah is Knowing
of what you do.”
[Surah al-An`am:153]
[Surah al-Maidah:8]
The Shariah Committee’s decision-making ensures all Bank
Muamalat’s banking practices align with the highest Islamic Towards strengthening Shariah governance within Bank
ethical principles. This involves making legally compliant and Muamalat, we have established clear guidelines and frameworks
morally responsible decisions, ensuring the Bank’s operations for all aspects of the Bank’s operations, from product
are rooted in Islamic principles at every level, guiding our development to transactions. We have also been instrumental
financial practices with Islamic ethical and moral principles. in enforcing strong governance policies and procedures
throughout the Bank, ensuring consistent adherence to
Adherence to these core Shariah principles is integral to our Shariah rules.
ethical framework, fostering trust with customers, regulators,
and the wider community. Through continuous oversight,
rigorous review processes, and ongoing education, Shariah
Committee’s commitment extends to ensuring all Bank
Muamalat’s products and services are ethical and fully comply
with Maqasid al-Shariah.