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SAC Secretariat – Shariah Advisory Council

Centre for Shariah Reference in Islamic Finance - Pusat Rujukan Shariah Bagi Kewangan Islam

SAC  Secretariat

 

The SAC Secretariat which is established under Section 54 of the Central Bank of Malaysia Act is responsible to assist the SAC in carrying out its functions.

Functions

  • Assist the SAC in managing its meetings, including the meeting coordination and administration
  • Provide Shariah inputs and views, as well as conduct research on Shariah issues referred to the SAC by certain parties for discussion in SAC meetings
  • Prepare minutes of the SAC meetings

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Role

  • Identify and define Shariah issues to be discussed
  • Conduct Shariah research and prepare Shariah papers for discussion at SAC meetings
  • Coordinate and issue meeting notices to the SAC members within an appropriate timeframe
  • Perform administrative tasks related to SAC meetings including logistics, presentation papers, preparation of minutes or any other functions to support efficient management of SAC meetings