1.

CIMB
Group
has
establish
ed the
SGF
based on
the
guideline
s by BNM
to
manage
Shariah
complian
ce of its
Islamic
business
es and
operation
s.

Mark for Review

1 Points

True
False

2. The SGF will mitigate occurrences of Shariah non-compliance events

Mark for
Review
1 Points

True
False

3. What is the governing framework to control Shariah compliance?

Mark for
Review
1 Points

Shariah Advisory Framework

Shariah Governance Framework
Shariah Financing Framework
Shariah Compliance Framework

4. What is the impact of non-compliance with the SGF?

(i) non-compliance of Islamic banking businesses and operations
(ii) non-compliance of banking businesses and operations
(iii) breach of the Islamic Financial Services Act 2013
(iv) breach of Financial Services Act 2013
(i) & (iii)

Mark for
Review
1 Points

(ii) & (iv)

(i) & (iv)
All of the above
5. The following are part of the vision of CIMB Group in the
implementation of the SGF:
(i) Enhance the role and accountability of the Board, CIMB Group
Shariah Committee and the Management in relation to Shariah
requirements

Mark for
Review
1 Points

(ii) Ensure efficient execution and implementation of Shariah

requirements
(iii) Inculcate a comprehensive Shariah compliance culture among all
staf
(iv) Ensure every staf to work long hours

(i) (ii) and (iii)

(ii) ,(iii) and (iv)
(i) , (ii) and (iv)
(ii) and (iv)
6. "Provide
periodical
independe
nt
assessme
nt and
objective
assurance
designed
to add
value and
improve
complianc
e of the
Bank with
Shariah"
Which Key
Function
under the
SGF that
best
describes
this role?

Mark for Review

1 Points

Shariah Risk Management & Control Function

Shariah Review Function
Shariah Research Function

Shariah Audit Function

7. Who is responsible for the overall setting up of the Shariah

governance framework in CIMB?

Mark for
Review
1 Points

Board of Directors
Management
Shariah Committee
Shariah Department

8. There are ____ key organs under the Shariah Compliance functions.

Mark for
Review
1 Points

2
4
8
10

9. "To allow Islamic businesses and operations to work independently

from CIMB Group" is the objective of the Dual Banking Leverage
Model (DBLM):

Mark for
Review
1 Points

True
False

10. What are the proper Islamic banking business requirements?

Mark for
Review
1 Points

Adherence to Shariah requirements

Adherence to Malaysian laws
Adherence to regulatory requirements of Bank Negara Malaysia
and the Securities Commission

All of the above

11. There
_____ tiers
of Shariah
Governan
ce

Mark for Review

1 Points
2
3
4
5

12. Dewan Pengawasan Syariah is responsible for the Shariah controls

in___________

Mark for
Review
1 Points

Malaysia
Indonesia
Thailand
Philippines

13. The impact of the Dual Banking Leverage Model (DBLM) is that
everyone is equally responsible for Shariah compliance.

Mark for
Review
1 Points

True
False

14. CIMB Group's Shariah Governance Framework can be referred in the

__________ :

Mark for
Review
1 Points

Islamic Banking Division Manual

Shariah Compliance Policy and General Procedures Manual
Shariah Committee Manual
Islamic Investment Manual

15. What is the role of a Shariah Advisory Council?

Mark for
Review
1 Points

it reports to Bank Negara Malaysia (BNM) or Securities

Commission (SC)
it is the highest authority at BNM or SC
it reports to the Islamic Financial Institutions (IFIs)
it is the highest authority on Shariah for IFIs
16. The
following
contractu
al
relationsh
ip under
Islamic
financing
products
are
possible
except

Mark for Review

1 Points

a lender and borrower

buyer and seller
lessor and lessee
regulator and regulatee

17. In CIMB Group, Management is responsible to provide conducive

________________ for efective Shariah compliance controls.

Mark for
Review
1 Points

Ambience
sales kit
environment
infrastructure

18. The Shariah Advisory Council is higher in ranking compared to the

Shariah Committee in deciding on Shariah issues.

Mark for
Review
1 Points

True
False

19. After an advice has been given by its Shariah Committee, an Islamic
financial institution must

Mark for
Review
1 Points

Adopt the Shariah Committee's advice

Refer the advice to the bank's solicitors
File the Shariah Committee's advice in file cabinet
Validate the Shariah Committee's advice

20. Shariah Department serves as a coordinator and manager of the

overall Shariah governance and compliance of the Islamic businesses
and operations in CIMB
True
False

Test Summary: E-Assessment: Shariah Governance Framework (G0115)

Click a question to return to it. You will see the response that was entered and
whether or not the response was correct.
Answered
Unanswered
Revie Statu
w
s Question Text
Shariah Governance Framework
CIMB Group has established
the...
The SGF will mitigate
occurren...
What is the governing
framewor...
What is the impact of noncomp...

Mandato Suggested
Points
ry
Points Awarded
20

16

No

No

No

No

The following are part of the ... No

"Provide periodical
independen...
No
Who is responsible for the
ove...
No
There are ____ key organs
unde...
No
"To allow Islamic businesses
No

1
1

1
0

Mark for
Review
1 Points

a...
What are the proper Islamic
ba...
No
There _____ tiers of Shariah
G...
No
Dewan Pengawasan Syariah is
re...
No
The impact of the Dual
Banking...
No
CIMB Group's Shariah
Governanc...
No
What is the role of a
Shariah ...
No
The following contractual
rela...
No
In CIMB Group, Management is
r...
No
The Shariah Advisory Council
i...
No
After an advice has been
given...
No
Shariah Department serves as
a...
No