Mfpc Srfp Practice Test & Exam Prep | Malaysia

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Which of the following is a primary duty of a Shariah Committee in a Malaysian Islamic Financial Institution (IFI) under BNM's Shariah Governance Framework?

Managing the day-to-day operations and investment strategies of the Islamic bank. Providing independent Shariah views and ensuring that the operations and products of the IFI are compliant with Shariah. Setting the conventional interbank interest rates to match Islamic returns. Conducting forensic financial audits under the Malaysian Companies Act.

Correct Answer:

Providing independent Shariah views and ensuring that the operations and products of the IFI are compliant with Shariah.

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