THE Securities Commission Malaysia (SC) has unveiled the new line-up of its Shariah Advisory Council (SAC), which will serve for a three-year term from 1 July 2026 to 30 June 2029.
The council comprises seven members, including a new appointment alongside several reappointments, reflecting continued emphasis on experienced leadership in shaping Malaysia’s Islamic capital market.
The new line-up consists of Datuk Dr. Mohd Na’im Mokhtar; Professor Dr Engku Rabiah Adawiah Engku Ali; Datuk Dr Ashraf Md Hashim; Sahibus Samahah Professor Datuk Dr Asmadi Mohamed Naim; Sahibus Samahah Datuk Dr Anhar Opir; Dr Marjan Muhammad; and Burhanuddin Lukman.
Established on 16 May 1996 under the Securities Commission Malaysia Act 1993, the SAC serves as the authority responsible for determining the application of Shariah principles in Islamic capital market businesses and transactions. It also plays a broader role in providing resolutions and policy guidance to support market development while safeguarding Shariah integrity.
SC chairman Datuk Mohammad Faiz Azmi said the SAC plays a pivotal role in ensuring Malaysia’s Islamic capital market remains responsive to evolving market developments while remaining grounded in Shariah principles anchored on Maqasid al-Shariah.
“The SAC’s guidance continues to support innovation, sustainability and the long-term growth of the ICM ecosystem,” he said.
He added that the new composition, with its collective expertise, is well positioned to provide robust and forward-looking guidance on Shariah matters, and to strengthen Malaysia’s position in the global Islamic capital market.
“With Islamic leadership guided by Maqasid al-Shariah as a key differentiator, the SAC will drive the growth and global leadership of Malaysia’s ICM,” he said. - July 1, 2026
