BANK ISLAM ANNOUNCES CHANGES TO ITS BOARD AND WELCOMES A NEW MEMBER OF THE SHARIAH SUPERVISORY COUNCIL

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.

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