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Hong Leong Islamic Bank (HLISB) has appointed Professor Dr Rusni Hassan as the chairman of its Shariah Committee effective April 1, 2020. Rusni is a professor at the IIUM Institute of Islamic Banking and Finance and is an influential veteran in the Islamic finance and banking industry. Her works and contributions to Islamic finance have also been recognised internationally including being listed in the prestigious Top 10 Most Influential Women in Islamic Business and Finance 2019 and Top 50 Most Influential Women in Islamic Finance 2018 by Cambridge IFA.

Hong Leong Islamic Bank (HLISB) has pledged RM350 million for the Bumiputera Agenda Steering Unit (TERAJU) via its new Bumiputera companies programme. Of that amount, RM225 million will go to working capital and the balance for asset acquisition. The programme aims to increase Bumiputera SME's participation in the Malaysian economy by enabling small medium enterprises (SMEs) to scale up and compete in the open market. HLISB chief executive officer Jasani Abdullah said the bank targets to provide financing facilities to between 20 and 30 companies annually. He pointed out HLISB would be focusing on industries such as construction and infrastructure, telecommunications, agriculture, manufacturing and green technology sectors. Meanwhile, TERAJU chief executive officer Datuk Husni Salleh said HLISB's participation would assist Bumiputera participants to expand locally and overseas.

Hong Leong Islamic Bank (HLISB) has appointed Jasani Abdullah as chief executive office. HLISB said Jasani has been acting CEO since December 2016. He has been in the financial industry for more than 30 years and his contribution towards the Islamic banking sector is very much valued. Jasani has been with HLISB since 2007 when he first joined as the head of shariah and product development. Jasani graduated with a Diploma in Public Administration from MARA Institute of Technology Malaysia, Bachelor in Business Administration from Ohio University, USA and has a Post Graduate Diploma in Islamic Banking and Finance from International Islamic University Malaysia.

Hong Leong Islamic Bank's CEO Raja Teh Maimunah says the barrier of digitization is the fear of IT security and nervousness of regulators. But fintechs are here and have a high growth potential. The face to face service is an oldschool approach, what matters today is what banks can provide from a technology perspective.

To enable effective Shariah Compliance on a bank-wide basis to ensure the bank's products, policies, procedures and systems are Shariah compliant.

To provide independent assurance to the Shariah Advisory Committee (SAC) on the effectiveness of controls in the above areas to be in line with Shariah restriction.

Also be responsible to perform research and establish Shariah standards for bank-wide adoption, to conduct review and testing for Shariah compliance with regards to HLISB head office operations, branches, centres etc.

Responsibilities

Team leader Islamic Investment Banking product development.
Responsible in developing, formulating, designing and packaging of innovative Islamic Investment Banking products
Involve in the development of the investment systems i.e. involved in preparation of user requirements, test scripts, and user acceptance testing.
Prepare, review and update manuals.
Preparing project charter, product papers to management.
To conduct training on new/enhanced products
Review and Update Islamic Investment Banking instruments (format & legal terms)

To lead and work closely across product groups and channels to formulate and deliver initiatives for a Multi-Islamic Wealth Management product.

Hong Leong Islamic Bank (HLISB) appointed Raja Teh Maimunah Raja Abdul Aziz as its new chief executive officer.
Raja Teh Maimunah posesses over 18 years of experience in the financial industry, concentrating on Investment Banking and Islamic Finance. She is also the adviser on Islamic Banking and Finance to the World Islamic Economic Forum Foundation and has an LLB (Hons) degree from the University of East London.