Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Part VII · Islamic Financial Business
53. Appointment of members to Shariah Advisory Council
Feedback & supportThe Yang di-Pertuan Agong may, on the advice of the
Minister after consultation with the Bank, appoint from amongst persons who are qualified in the Shariah or who have knowledge or experience in the Shariah and in banking, finance, law or such other related disciplines as members of the Shariah Advisory Council.
Minister
“Minister” means the Minister charged with the responsibility for finance;
If a judge of the High Court, the Court of Appeal or the Federal
Court, or a judge of the Shariah Appeal Court of any State or Federal
Territory, is to be appointed under subsection (1), such appointment shall not be made except—
in the case of a judge of the High Court, the Court of
Appeal or the Federal Court, after consultation by the
Bank with the Chief Justice; and
in the case of a judge of the Shariah Appeal Court of any
State or Federal Territory, after consultation by the Bank
62 Laws of Malaysia ACT 701
with the Chief Shariah Judge of the respective State or
Federal Territory, as the case may be.
A member of the Shariah Advisory Council appointed under subsection (1) shall hold office on such terms and conditions as may be provided in their respective letters of appointment, and shall be eligible for reappointment.
Shariah Advisory Council
“Shariah Advisory Council” means the Shariah Advisory Council on Islamic Finance established under section 51;
The members of the Shariah Advisory Council shall be paid such remuneration and allowances as may be determined by the Board from the funds of the Bank.