KUALA LUMPUR: Bank Negara Malaysia has appointed Ahmad Fauwaz Fadzil as a new member of the Shariah Advisory Council (SAC) for a two-year term, effective Nov 1, 2026.
In a statement today, Bank Negara said the appointment was made in accordance with Section 53(1) of the Central Bank of Malaysia Act 2009.
“With the new appointment, the SAC will comprise nine members with expertise and experience in Shariah, Islamic finance, accounting and law,” it said.
Bank Negara Governor Datuk Seri Abdul Rasheed Ghaffour said the SAC plays a significant role in contributing to Malaysia’s aspirations in Islamic finance.
“I welcome the appointment of Ahmad Fauwaz as a new member of the SAC and am confident that his expertise and experience will further strengthen the SAC’s role in supporting the advancement of Islamic finance in Malaysia,” he said.
Bank Negara also expressed its deepest appreciation to Datuk Setia Dr Anhar Opir, who completes his service on the SAC on Oct 31, 2026. He was appointed to the SAC on Nov 1, 2019.