# 1pilihan
When was the SAC of BNM established ?
1993
1997
2001
2010
SAC in BNM & Shariah Committee
NURAIDA MALIHA
Ikut Turutan
Universiti
Lain-lain
SAC in BNM & Shariah Committee
22
Universiti
Lain-lain
SAC in BNM & Shariah Committee
22
10 soalan
Allow incorrect answer
Tunjuk jawapan bila salah
public kuiz
# 2pilihan
What is the minimum number of members in the Shariah Advisory Council according to the Central Bank of Malaysia Act?
3
5
7
11
# 3pilihan
Who appoints the members of the Shariah Advisory Council?
Prime Minister
Conference of Rulers
Minister of Finance upon the advice of Bank Negara Malaysia
Chief Justice
# 4pilihan
What is the main difference between the SAC and the Shariah Committee in banks?
SAC is only for retail matters
There is no difference
Shariah Committee only manages internal audits
SAC makes decisions at the national level, Shariah Committee is for individual banks
# 5pilihan
Decisions made by the SAC are:
Binding on all courts and financial institutions in Malaysia
Not binding
Only advisory
Only for Bank Negara Malaysia’s internal use
# 6pilihan
Decisions of the Shariah Committee in a bank have the same authority as SAC decisions.
True
False
# 7pilihan
What is one of the criteria for appointing members of a Shariah Committee in a bank?
Experience only in civil law
No special qualifications required
Qualification in Shariah or Islamic commercial jurisprudence (fiqh muamalat)
Must be a former Shariah court judge
# 8pilihan
The SAC is responsible for providing clarification to the courts on Islamic finance issues.
True
False
# 9pilihan
The Shariah Advisory Council (SAC) plays a role in resolving disputes related to Shariah issues in Islamic finance.
True
False
# 10pilihan
Which of the following is NOT a role of the Shariah Committee in an Islamic bank?
Advising the bank on Shariah compliance of products
Reviewing and endorsing Shariah-compliant documents
Reporting Shariah non-compliance to the Board and regulator
Overseeing the day-to-day management of the bank
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