The Securities Commission Malaysia (SC) has announced the appointment of its new Shariah Advisory Council (SAC) members for a three-year term from July 1, 2026 to June 30, 2029, as the regulator continues efforts to strengthen Malaysia’s Islamic capital market (ICM).
The new SAC line-up comprises seven members, including prominent Shariah scholars, academicians and Islamic finance practitioners with expertise in Shariah, capital markets, Islamic finance and law.
The council members are:
- Dato’ Setia Dr Haji Mohd Na’im Haji Mokhtar – Senator, Dewan Negara (new appointment)
- Professor Dr Engku Rabiah Adawiah Engku Ali – Honorary Professor, IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (reappointed)
- Dato’ Dr Ashraf Md Hashim – Shariah Consultant (Islamic Finance) (reappointed)
- Sahibus Samahah Professor Dato’ Dr Asmadi Mohamed Naim – Mufti of Pahang (reappointed)
- Sahibus Samahah Dato’ Setia Dr Haji Anhar Haji Opir – Mufti of Selangor (reappointed)
- Dr Marjan Muhammad – Deputy President Research, ISRA Institute, INCEIF University (reappointed)
- Burhanuddin Lukman – Former Researcher, International Shariah Research Academy for Islamic Finance (ISRA) (reappointed)
Established on May 16, 1996 under the Securities Commission Malaysia Act 1993, the SAC serves as the authority responsible for determining the application of Shariah principles for Islamic capital market businesses and transactions.
The council also provides resolutions and policy guidance to support the development of the Islamic capital market while ensuring Shariah compliance and integrity.
