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Include Left - About MIA - Structure
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Islamic Finance Committee (IFC)
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Chairman: |
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Abdul Rahim Abdul Hamid |
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Members: |
Badlisyah Abdul Ghani
Daud Vicary Abdullah
Mohammad Faiz
Mohammad Azmi
Mohamed Raslan Abdul Rahman
Nik Mohd Hasyudeen
Yusoff
Dato’ Dr. Nik Ramlah Nik Mahmood
Norfadelizan Abdul
Rahman
Rafi Haneef
Puan Raja Teh Maimunah Raja Abdul Aziz
Eugene Wong Weng Soon |
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1. Objectives
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a) |
The Islamic Finance Committee's main objective is to promote
Islamic finance through various initiatives such as
collaborations with relevant stakeholders and regional
accountancy bodies. |
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b) |
It aims to promote the adoption of IFRS and the international
convergence of standards. |
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c) |
The Committee also aims to support the government’s commitment
to promote Islamic Finance to become a significant part of our
economy and provide a competitive edge for the country. |
2. Accountability
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a) |
The Committee will report to the Council. |
3. Scope and Authority
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3.1 |
The Committee has authority, within the scope of its
responsibilities, to: |
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a) |
To be the single driver of the whole Islamic Finance (IF) agenda
within MIA; |
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b) |
To showcase our IF expertise and promote Malaysian accountants’
marketability internationally; |
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c) |
To promote adherence to IFRS and furtherance of the
international convergence of standards; |
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d) |
To develop the knowledge base on application of IFRS on IF; |
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e) |
To share findings from studies in IF through collaborations with
stakeholders. |
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4. Term of Office
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a) Composition |
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i. |
The composition of the Committee shall be determined by the
Council. |
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ii. |
The Committee comprises 2 Council members as well as
representatives from all the main sectors of Islamic Finance. |
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b) Quorum |
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The quorum for the Committee meetings shall be 3 members. |
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c) Meetings |
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i. |
The Committee shall meet at least 3 times in any financial year
of the Institute; |
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ii. |
The meeting can be conducted in person or via teleconference; |
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iii. |
In the absence of the Chairman and provided that there is a
quorum, the remaining members can appoint a Chairman from among
themselves and convene the meeting; |
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iv. |
The Committee may invite such other person to its meetings, as
it deems necessary; |
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v. |
The proceedings of all meetings shall be minuted; |
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vi |
The secretary of the IFC will be the staff of the PAIB
Department of MIA, or such other person as appointed by the
Committee. |
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