Malaysia legislation
Section 33J
Section 33J
(a)
paragraph 33I(1)(a), (b) or (d); or
(b)
paragraph 33I(1)(c), if such disqualification is within the prescribed institution’s knowledge, the prescribed institution shall notify the Bank in writing of that fact and the reasons of such cessation immediately or in any case not later than fourteen days from the date of such cessation.
(2)
Where a person ceases to be a member of a Shariah committee under subsection 33I(1) or is removed by the Bank under subsection 33I(4), the prescribed institution shall appoint a new member of its Shariah committee in accordance with section 33G within such period as may be specified by the Bank.
Information to be provided to Shariah committee