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SHARIAH COMMITTEES REPORT

In the name of Allah, the most beneficent and most merciful. Praise to Allah, the Lord of the Worlds, and peace and blessings on our Prophet Muhammad and on his scion and companions. Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh As Members of AFFIN Islamic Bank Bhds ('AFFIN ISLAMIC') Shariah Committee, our roles and responsibilities are governed under the Guidelines on the Governance of Shariah Committee for Islamic Financial Institutions, issued by Bank Negara Malaysia. In compliance with the above Guidelines, we are required to submit the following report: We have reviewed the principles and the contracts relating to the transactions and applications undertaken by AFFIN ISLAMIC, during the financial year ended 31 December 2009. We have also conducted our review to form an opinion as to whether AFFIN ISLAMIC has complied with Shariah rules and principles and also with the specific fatwa, rulings, guidelines issued by us. We conducted our review which included examining, on a test basis, each type of transaction, the relevant documents and procedures adopted by AFFIN ISLAMIC. Our review was planned and performed, based on all prudent information and explanation, in a manner which we considered necessary in order to give reasonable assurance that AFFIN ISLAMIC has not violated Shariah rules and principles. In our opinion, we Concur that the contracts, transactions and dealings entered into by AFFIN ISLAMIC during the year ended 31 December 2009 are in compliance with Shariah rules and principles Believe that the allocation of profits and losses relating to investment accounts conforms with Shariah rules and principles Agree that all earnings realised are from permissible sources, and Confirm that the calculation of Zakat is in compliance with Shariah rules and principles. This opinion is rendered based on what has been presented to us by AFFIN ISLAMIC and its Shariah Officers. In submitting this Report, we have taken due care and diligence and we pray to Allah the Almighty to continue to grant us wisdom, patience and clarity of thought as we embark on a path of straight-forwardness in our service. We, Dr. Asyraf Wajdi Bin Dato Dusuki and Dr. Said Bouheraoua, members of the Shariah Committee of AFFIN Islamic Bank Berhad, hereby confirm on behalf of the Shariah Committee, that in our opinion, the operations of the Bank for the financial year ended 31 December 2009 have been conducted in conformity with the Shariah principles.

On behalf of the Shariah Committee of AFFIN ISLAMIC

Associate Professor Dr. Asyraf Wajdi Bin Dato' Dusuki

Associate Professor Dr. Said Bouheraoua

Kuala Lumpur, Malaysia 25 February 2010

annual report 2009