Bank Islam Malaysia Berhad (Bank Islam or the Bank) has announced changes to its Board composition and an appointment of a new member to its Shariah Supervisory Council. Tuan Syed Hamadah Syed Othman will be appointed as the Non-Independent Non-Executive Director, while Associate Professor Dr Nurul Aini Muhamed is joining the Shariah Supervisory Council, effective 1 January 2024. Meanwhile, Datuk Bazlan Osman will replace Encik Azizan Ahmad, who will be retiring from his position as the Senior Independent Non-Executive Director, with effect from 2 January 2024.
Tuan Syed Hamadah’s appointment will strengthen the Group’s Board composition as Bank Islam remains steadfast in executing its five-year strategy roadmap (LEAP25), aimed at becoming the champion in Shariah-compliant environmental, social, and governance (ESG) total financial solutions, with leadership in digital banking and social finance.
Tuan Syed Hamadah is currently the Group Managing Director & Chief Executive Officer of Lembaga Tabung Haji, a Board Member of the Private Pension Administrator Malaysia, TH Plantations Berhad and TH Properties Sdn Bhd. He is also the Director and a Senior Partner of Actuarial Partners Consulting Sdn Bhd.
He was formerly the Chief Executive Officer of Retirement Fund Incorporated, consulting actuarist at Mercer Zainal Consulting Sdn Bhd and technical analyst at Petronas Trading Corporation Sdn Bhd.
Tuan Syed Hamadah obtained his Scottish Higher Education Certification from Clydebank College, United Kingdom (UK). He holds a Bachelor of Science in Actuarial Mathematics and Statistics from Heriot-Watt University, Edinburgh, UK. He is also a Fellow of the Faculty and Institute of Actuaries, UK, and a Fellow of the Actuarial Society, Malaysia.
Associate Professor Dr Nurul Aini currently serves as an Associate Professor at the Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), a Shariah Committee
member at Great Eastern Takaful Berhad, Wakaf Felda, and Perbadanan Tabung Pembangunan Kemahiran (PTPK). She is also an active member of the Malaysian Muamalat Association (MMA) and the Association of Shariah Advisors in Islamic Finance (ASAS). As an academician, her focus encompasses Islamic Banking and Finance, Islamic Transaction Law, Halal Management, and Governance. She plays an active role in the academic world with contributions in research, publications, trainings and presentation in the fields of Shariah and Islamic finance.
Her extensive experience extends to her prior roles as the Deputy Director at Wakaf and Zakat Centre, USIM, and a Shariah Committee member at BNP Paribas Malaysia Berhad, Hong Leong Islamic Bank Berhad and Hong Leong MSIG Takaful.
Associate Professor Dr Nurul Aini obtained her undergraduate degree in Shariah Management from the University of Malaya, Master of Business Administration (MBA) from Universiti Kebangsaan Malaysia, and Master of Islamic Finance Practice from INCEIF. She also holds a Doctorate in Business and Management from the University of South Australia.
Bank Islam’s Chairman, Tan Sri Dr Ismail Haji Bakar, said, “On behalf of the Board, I warmly congratulate and welcome Tuan Syed Hamadah and Associate Professor Dr Nurul Aini to Bank Islam Group. Given their knowledge and experience, we eagerly anticipate their contributions to our growth and stewardship towards greater heights.”
He also recorded his profound appreciation to Encik Azizan for contributing to Bank Islam’s growth over six years. “We value Encik Azizan’s leadership, insights, and dedication in shaping the success of the Bank.”
Encik Azizan joined Bank Islam as a Director on 2 January 2018. Throughout his service in the Group, Encik Azizan has served various roles within the Board, including as the Chairman of the Board Risk Committee and Nomination and Remuneration Committee, and a Member of the Board Financing Review Committee.