Page 141 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 Governance 7 8 139

MD KHAIRUDDIN Nationality Age and Gender Date of Appointment

HJ ARSHAD Malaysian 59 / Male 10 September 2019
Independent Non-Executive Director

Md Khairuddin Haji Arshad was appointed as an Independent Non-Executive
Director of Bank Muamalat Malaysia Berhad on 10 September 2019. He also serves
as the Chairman of the Board Risk & Compliance Committee and a member of
Meeting the Board Audit and Board Veto Committees.
Attendance
11/12 Md Khairuddin has over 25 years of experience in the banking industry. He started
his career with Bank Negara Malaysia (BNM) in 1991 and served in the Bank
Regulation Department and Islamic Banking and Takaful Department until 2005.
He was involved in the establishment of the International Islamic Financial Market
and the Islamic Financial Services Board.

He was part of the pioneer management team tasked with the establishment
of Perbadanan Insurans Deposit Malaysia. He served as Chief Operating Officer
and General Manager, Insurance, Risk Assessment and Monitoring Division since
its establishment in 2005 until 2013. He was also the first Chairman of the Islamic
Deposit Insurance Group of International Association of Deposit Insurers.
He joined Bank Rakyat in 2013 as Chief Risk Officer and his last position was Chief
Operating Officer where he was entrusted with the responsibilities to expand the
retail and corporate banking businesses, ensure effective implementation of the
recovery and rehabilitation activities, manage corporate services effectively and
continuously improve the effectiveness and efficiencies of the overall banking
operations.
He holds a Bachelor’s Degree in Accounting from the International Islamic University
Malaysia. He also attended the Oxford Advanced Management and Leadership
Programme and ICLIF Global Leadership Development Programme. He also has a
Master of Business Administration from Heriot Watt University.