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ANNUAL REPORT 2021 89

ShARIAh COMMITTEE’S REPORT

IN ThE NAME OF ALLAh, ThE BENEFICENT, ThE MOST MERCIFUL

All Praise is due to Allah, the Cherisher of the World, and the Peace and Blessing be upon the Prophet of Allah, on his Family and all
his Companions.

and “Salam Sejahtera”

To the shareholders, customers and stakeholders of Export-Import Bank of Malaysia Berhad (“EXIM Bank or the Bank”):

In carrying out the roles and responsibilities as EXIM Bank’s Shariah Committee (“the Committee”) as prescribed in the Bank’s
Shariah Committee Charter and Bank Negara Malaysia (“BNM”) Shariah Governance Policy Document (“SGPD”), we hereby submit
the following report in respect of Shariah compliant business activities of EXIM Bank for the financial year ended 31 December 2021.

Management’s Responsibility
The Management of the Bank shall at all times be responsible for ensuring that the Bank’s aims and operations, business affairs and
activities in relation to its Islamic banking and takaful businesses are conducted in accordance with Shariah.
The Committee’s Responsibility
The Committee shall be responsible to form an independent opinion, based on our review of the aims and operations, business,
affairs and activities in relation to the Islamic financial business of the Bank and to produce this report. Our responsibility is to
express an opinion on the state of Shariah compliance of the Bank based on our deliberation of the information obtained from the
Board and the Management during the reporting period.
1. The Committee has conducted sixteen (16) meetings during the financial year. The meetings are mainly to review and approve
various enhancement to the Bank’s Islamic banking and takaful products and its operational processes as well as guidelines
and manuals relating to Shariah compliant transactions. We confirmed that we have reviewed the applicability and
appropriateness of Shariah principles and the Shariah contracts adopted relating to the enhanced products, transactions
and operational processes of Islamic banking and takaful activities of EXIM Bank for the period from 1 January 2021 until
31 December 2021.
2. The Committee has provided appropriate advice on various aspects of the Bank’s Islamic business operations in order to ensure
compliance with applicable Shariah principles as well as the relevant resolutions and rulings made by the Shariah Advisory
Council of Bank Negara Malaysia.

3. In performing our roles and responsibilities, we had obtained the information and explanations which we considered necessary
in order to provide us with sufficient evidence to give reasonable assurance that the Bank has complied with Shariah.
4. At the management level, Shariah Management Department carry out the functions related to Shariah advisory, research
and secretariat as required by SGPD. The Bank’s Shariah governance is further substantiated by Shariah and Operational
Risk Department, Shariah Review and Shariah Audit that resides in the Risk Management Division, Compliance Department,
and Audit & Assurance Department, and reports directly to the Chief Risk Officer, Chief Compliance Officer, and Chief Internal
Auditor respectively.