Page 94 - EXIM_AR2021

92 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS

ShaRIah COmmITTEE’S REPORT

Zakat on Islamic Business
For financial year ended 31 December 2021, zakat is calculated based on growth method with appropriate adjustment. The Committee
has reviewed and affirmed that the Bank is not eligible to pay zakat as the Bank is in net liabilities.
The Committee has reviewed the financial statements of the Bank, including the calculation of Zakat and confirmed that the
financial statements prepared are in compliance with the Shariah rules and principles as well as the minimum disclosure
requirements as stipulated by Bank Negara Malaysia.

shariah OPiniOn

We, as EXIM Bank’s Shariah Committee, to the best of our knowledge, have obtained sufficient and appropriate evidence to form
Shariah compliant opinion with regards to EXIM Bank’s Islamic business operations. Hence to the best of our knowledge based on the
information provided to us and decisions made during the Shariah Committee meeting, we are of the opinion that:-
i. The Islamic banking and takaful business operations of EXIM Bank for the financial year ended 31 December 2021 have been
conducted in conformity with the Shariah rules and principles.

ii. The contracts, transactions and dealings entered into by the Bank in relation to its Islamic financial business during the
financial year ended 31 December 2021 that were reviewed by us, are in compliance with Shariah.
iii. The computation of zakat is in compliance with Shariah.
We beg Allah the Almighty to grant us all the success and straight-forwardness and Allah knows best.

Signed on behalf of the Committee in accordance with a resolution of the Shariah Committee dated.

Prof. Dr Rusni hassan Dr. Safinar Salleh
Chairman Member

Kuala Lumpur, Malaysia
25 March 2022