1. International
   1. IFSB
      1. IFSB-1 Principles of Risk Management
      2. IFSB-2 Capital Adequacy Standard
      3. IFSB-3 CG
         1. General Approach
         2. IAH
         3. Compliance
         4. Transparency
      4. IFSB-4 Market transparency & discipline
      5. IFSB-5 Supervisory Review Process
      6. IFSB-6 Collective Investment Schemes
      7. IFSB-7 Capital Adequacy Requirements
      8. IFSB-8 Takaful
      9. IFSB-9 Conduct of Business
      10. IFSB-10 Shariah Governance System
          1. Part I- General Approach
          2. Part II - Competence
          3. Part III - Independency
          4. Part IV- Confidentiality
          5. Part V - Consistency
      11. IFSB-11 Standard on Solvency Requirements
   2. AAOIFI
      1. GSIFI-1 SSB: Appointment, Composition and Report
      2. GSIFI-2 Shariah Review
      3. GSIFI-3 Internal Shariah Review
      4. GSIFI-4 Audit & Governance Committee for IFIs
      5. GSIFI-5 Independence of SSB
2. Q5- Elements of CG in IFIs
   1. IFSB
      1. 4 Main elements (IFSB 3)
         1. General Approach
         2. Compliance
         3. IAH
         4. Transparency
   2. BNM
      1. 14 Principles
   3. AAOIFI
      1. 5 standards
3. Q4- Roles of SSB & ShC
   1. AAOIFI
      1. Ensures compliance
      2. Directing, reviewing & supervising
      3. Issue fatwa
   2. IFSB
      1. Enhances soundness & stabilities of IFS
      2. Conduct research & coordinate initiative
      3. International Standard setting body
   3. BNM
      1. Accountable on Shariah matter
      2. Shariah Review
      3. Perform oversight role
         1. Shariah Review
         2. Shariah Audit
      4. Shariah Audit
      5. Disclosure on annual report state of compliance
4. Q3- SGF/ System
   1. BNM
      1. Organs
         1. BOD
         2. SC/SSB
         3. Management
         4. Shariah Review
         5. Shariah Audit
         6. Shariah Risk Management
         7. Shariah Research
   2. IFSB
      1. 9 Principles ( 5 Parts )
         1. Part I- General Approach
         2. Part II - Competence
         3. Part III - Independency
         4. Part IV- Confidentiality
         5. Part V - Consistency
5. Q2- Roles of SAC
   1. BNM
      1. Focus on IFS
      2. Advise on Islamic Banking & Takaful
      3. Issue fatwa
   2. SC
      1. Focus on securities (capital market)
      2. Advise on operations in shariah matter
      3. Facilitate muslim investor
6. Q1-Role in Shariah Governance
   1. BNM
      1. SAC
         1. Advise in Islamic Banking & Takaful Operations
         2. Issue fatwa
      2. ShC
         1. Accountable on Shariah matter
         2. Perform oversight role
            1. Shariah Review
            2. Shariah Audit
         3. Disclosure on annual report state of compliance
   2. SC
      1. SAC
         1. Advise on operations in shariah matter
         2. Facilitate muslim investor
   3. IFSB
      1. Enhances soundness & stabilities of IFS
      2. Conduct research & coordinate initiative
      3. International Standard setting body
   4. AAOIFI
      1. Bahrain based
      2. Formulate & publish accounting, auditing, ethics, governance and shariah standard for IFIs
      3. Enhance confidence of users of FS in IFIs
7. Local
   1. BNM
      1. Principles
         1. Board responsibilities
         2. Independent Board composition
         3. Balanced & clear lines of role
         4. Appointment
         5. Calibre, Credibility & Integrity
         6. Meet regularly
         7. Formal & Ongoing Assessment
         8. Remuneration
         9. Decision making authority
         10. Sound CG
         11. Auditing requirements
         12. Fair communication
         13. Transparent manner
         14. Responsible & accountable
      2. Roles
         1. SAC
         2. ShC/ Supervisory Board
      3. Guided by
         1. Central Bank of Malaysia Act 2009
         2. SGF
            1. BOD
            2. ShC
            3. Management
            4. Shariah Review
            5. Shariah Risk Management
            6. Shariah Research
   2. SC
      1. Rules
         1. Capital Market and Services Act 2007
      2. SAC