The new line-up consists of the following members:
- Yang Berhormat Senator Dato’ Setia Dr. Haji Mohd Na’im Haji Mokhtar – Senator, Dewan Negara (New appointment)
- Professor Dr Engku Rabiah Adawiah Engku Ali – Honorary Professor, IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (Reappointment)
- Dato’ Dr Ashraf Md Hashim – Shariah Consultant (Islamic Finance) (Reappointment)
- Sahibus Samahah Professor Dato’ Dr Asmadi Mohamed Naim – Mufti of Pahang (Reappointment)
- Sahibus Samahah Dato’ Setia Dr Haji Anhar Haji Opir – Mufti of Selangor (Reappointment)
- Dr Marjan Muhammad – Deputy President Research, ISRA Institute, INCEIF University (Reappointment)
- Encik Burhanuddin Lukman – Former Researcher, International Shariah Research Academy for Islamic Finance (ISRA) (Reappointment)
Established on 16 May 1996 under the Securities Commission Malaysia Act 1993, the SAC is the authority to determine the application of Shariah principles for Islamic capital market (ICM) businesses or transactions.
In addition, the SAC supports market growth through resolutions and policy guidance while upholding Shariah integrity.
The SAC comprises distinguished Shariah scholars, academicians and market practitioners with extensive expertise and experience in Shariah, Islamic finance, capital markets and law.
SC Chairman Dato’ Mohammad Faiz Azmi said the SAC plays a pivotal role in ensuring Malaysia’s ICM remains responsive to evolving market developments, while upholding Shariah principles anchored on Maqasid al-Shariah. “The SAC’s guidance continues to support innovation, sustainability and the long-term growth of the ICM ecosystem.”
“The new composition of the SAC with collective expertise and experience of its members, is well-positioned to provide robust and forward-looking guidance on Shariah matters. With the Islamic leadership guided by Maqasid al-Shariah as a key differentiator, the SAC will drive the growth and global leadership of the Malaysia’s ICM,”’ he said.
On behalf of the SC, Dato’ Faiz expressed appreciation to the outgoing SAC members for their invaluable contributions and dedicated service to the ICM industry. “Their insights and leadership have contributed towards advancing Malaysia’s ICM to greater heights.”
