Members of the Shariah Advisory Council
The Shariah Advisory Council (SAC) of Securities Commission Malaysia (SC) was established on 16 May 1996. Under the Securities Commission Malaysia Act 1993, the SAC of SC shall be the authority for the ascertainment of the application of Shariah principles for the purposes of Islamic capital market (ICM) business or transaction and it was given the mandate to ensure that the implementation of ICM complies with Shariah principles. The SAC of SC plays the role to advise the SC on any Shariah issue related to ICM business or transaction. It also functions as a reference centre for all matters relating to ICM which include to issue ruling on any matter relating to ICM and to provide advice to any person on any Shariah issue relating to ICM business or transaction.

The members of the SAC of SC are appointed by the Yang di-Pertuan Agong. It comprises prominent Shariah scholars, academicians and market practitioners who have vast knowledge and experience in Shariah, capital market, finance, economics and law. The members of the SAC of SC for the term 1 July 2023 to 30 June 2026 are as follows:
Professor Dr Aznan Hasan
Chairman
Professor Dato’ Dr Aznan Hasan
Professor
IIUM Institute of Islamic Banking and Finance (IIiBF) International Islamic University Malaysia
Professor Dr Engku Rabiah Adawiah Engku Ali

Deputy Chair

Professor Dr Engku Rabiah Adawiah Engku Ali
Honorary Professor
IIUM Institute of Islamic Banking and Finance (IIiBF) International Islamic University Malaysia
Professor Dr Ashraf Md Hashim
Professor Dr Ashraf Md Hashim
Professor
INCEIF University
Professor Dato’ Dr Asmadi Mohamed Naim
Sahibus Samahah Professor Dato’ Dr Asmadi Mohamed Naim

Mufti of Pahang

Associate Professor Dr Mohamed Fairooz Abdul Khir
Associate Professor Dr Mohamed Fairooz
Abdul Khir

Director
Centre of Excellence Islamic Social Finance
INCEIF University
Sahibus Samahah Dato’ Setia Dr Haji Anhar Haji Opir Mufti of Selangor
Sahibus Samahah Dato’ Setia Dr Haji Anhar
Haji Opir 

Mufti of Selangor

Dr Marjan Muhammad

Dr Marjan Muhammad

Director
Research Quality Assurance and Publications
ISRA Research Management Centre
INCEIF University

Assistant Professor Dr Akhtarzaite Haji Abdul Aziz
Assistant Professor Dr Akhtarzaite
Haji Abdul Aziz

Assistant Professor
Abdulhamid Abusulayman Kulliyyah of Islamic Revealed Knowledge and Human Sciences
International Islamic University Malaysia (IIUM)

Encik Burhanuddin Lukman

Former Researcher
International Shariah Research
Academy for Islamic Finance (ISRA)


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The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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