Shariah Advisors

Maybank Islamic Berhad

Maybank Asset Management Sdn Bhd (“MAM”) has appointed Maybank Islamic Berhad (“Maybank Islamic”) as the Shariah Advisor for Maybank Malaysia Sukuk Fund, Maybank Malaysia Equity-i Fund, Maybank AsiaPac Ex-Japan Equity-i Fund, Maybank Shariah Enhanced Cash Fund, Maybank Institutional Islamic Money Market Fund, Maybank Dana Najiyah, Maybank Shariah Money Market Fund 1, Maybank Shariah Money Market Fund 2, Maybank Institutional Sukuk Fund, Maybank Islamic Cash Fund, Maybank Shariah Institutional Cash Fund 1, Maybank Shariah Institutional Cash Fund 2 and Maybank Shariah Institutional Income Fund (collectively “the Funds”). Maybank Islamic, incorporated on 5 September 2007, is the Maybank Group’s full-fledged licensed Islamic bank wholly-owned by Maybank. Maybank Islamic leverages on its parent bank’s infrastructure and resources. An acknowledged industry icon, Maybank Islamic continues to lead the industry through development of new, innovative and internationally accepted propositions. Its diversified product and service ranges are available at dedicated branches and also co-located at more than 400 Maybank branches.

Being a bank licensed under the Islamic Financial Services Act 2013, Maybank Islamic also advises on Sukuk issuance, Islamic investment funds and all other approved Islamic capital market instrument. Currently, Maybank Islamic acts as Shariah advisers for three (3) Islamic unit trust funds and ten (10) Islamic wholesale funds.

The designated persons responsible for Shariah matters relating to the Fund are:

Maybank Islamic Berhad Shariah Advisors

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Dr. Aznan Hasan
Associate Professor, Institute of Islamic Banking and Finance at the International Islamic University of Malaysia (IIUM)
Dr Aznan was appointed as the Chairman of the Shariah Committee of Maybank Islamic on 1 May 2014. He is currently an Associate Professor in Institute of Islamic Banking and Finance at the International Islamic University of Malaysia (IIUM).

He is the current President of the Association of Shariah Advisors in Islamic Finance (ASAS). He is also the Deputy Chairman of Shariah Advisory Council of the Securities Commission (SC) and a former member of the Shariah Advisory Council of Bank Negara Malaysia. Dr. Aznan serves as Chairman of the Shariah Advisory Board, Barclays Capital (DIFC, Dubai), a member of the Shariah Advisory Boards, ABSA Islamic Bank (South Africa), FNB Bank, Yasaar Limited, Khalij Islami, European International Islamic Bank (EIIB), Amanahraya Berhad, Amanah Raya Investment Bank Labuan, Employee Provident Fund and some other financial institutions and corporate bodies at both local and international level. He also serves as a Shariah consultant to Maybank Investment Bank. He is a registered Shariah advisor for the Islamic Unit Trust Schemes and Islamic securities (Sukuk), SC as well as a Member of the National International Zakat Organisation (IZO) Coordination Committee, an advisory body established under the Prime Minister's Department, and a member of Shariah Supervisory Board of the Waqaf Foundation (Yayasan Waqaf), a corporate entity formed by the government to oversee the application of Waqaf in Malaysia.

Dr Aznan is also a prominent author in Islamic finance and to date, has produced a number of books and publications in journals and has presented several conference papers / proceedings at various international events / conferences.

Dr Aznan received his first degree in Shariah from the University of al-Azhar and a Master’s degree in Shariah from Cairo University with distinction (mumtaz). He then obtained his PhD from the University of Wales, Lampeter, United Kingdom.
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Dr. Ahcene Lahsasna
 
Associate Professor at International Centre for Education in Islamic Finance (INCEIF)
Dr Ahcene Lahsasna was appointed as a member of the Shariah Committee of Maybank Islamic on 11 June 2009.

He is an Associate Professor and the Deputy Director of the centre of Research and Publication at INCEIF. Dr. Lahsasna is also a registered Shariah advisor for the Islamic Unit Trust Schemes and Islamic Securities (Sukuk) with the Securities Commission (SC) and serves as Shariah board member of Etiqa Takaful and the Shariah Advisory Council of the Malaysian Financial Planning Council (MFPC). Dr Lahsasna sits on the panel of FAA Accreditation, appointed by the Finance Agency Accreditation Malaysia.

Dr. Lahsasna received his bachelor’s degree in Islamic law and Islamic jurisprudence from Algeria, and his Masters and PhD degrees in Islamic law and Islamic jurisprudence from the International Islamic University of Malaysia (IIUM). He obtained his certificate in Chartered Islamic Finance Professional from INCEIF.
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Dr. Marjan Muhammad
 
Director of Research at International Shariah Research Academy for Islamic Finance (ISRA)
Dr Marjan Muhammad was appointed as a member of the Shariah Committee of Maybank Islamic on 1 May 2013.

She is currently the Director of Research at International Shariah Research Academy for Islamic Finance (ISRA). Prior to joining ISRA, she was a tutor at the Faculty of Judiciary and Law at the Islamic Science University of Malaysia (USIM). Since her involvement at ISRA, she has been actively producing various research papers and articles internationally on Islamic finance. Previously Dr Marjan was a Shariah Committee member of RHB Islamic Bank from 2011 to 2013.

Dr. Marjan obtained her first degree in Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia (IIUM) in 1998 and pursued her Masters and PhD at the same university, both in Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) field.
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Dr. Mohamed Fairooz Bin Abdul Khir
 
Researcher at International Shariah Research Academy for Islamic Finance (ISRA)
Dr Mohamed Fairooz was appointed as a member of the Shariah Committee of Maybank Islamic on 1 May 2013. 

He is a researcher at ISRA and the Head of its Islamic Banking Unit. Prior to joining ISRA, he served the International Islamic University Malaysia (IIUM) for eight years as a lecturer at the Department of Islamic Revealed Knowledge and Human Sciences. He is a registered Shariah advisor for the Islamic Unit Trust Schemes and Islamic Securities (Sukuk) with the Securities Commission Malaysia. He is also a Shariah Committee member of AGRO Bank, MNRB Retakaful and Takaful Ikhlas. He is actively involved in researches related to Islamic finance. Previously he was a Shariah advisor to the Malaysian Industrial Development Finance Berhad (MIDF).

He obtained his PhD and Masters in Shariah from the University of Malaya, specializing in Fiqh, Usul al-Fiqh and Islamic Finance, and a Degree in the same field from IIUM. He has also studied Shariah in Jordan under prominent Jordanian Shariah scholars. Dr Mohamed Fairooz was conferred the Shariah Scholarship Award by Bank Negara Malaysia (BNM) for his PhD studies in Islamic finance. 
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Ustaz Mohd Kamal bin Mokhtar

Judge, Shariah Appeal Court of Singapore
He is currently a Judge at the Shariah Appeal Court of Singapore. At the same time, Ustaz Kamal is also a Sharia’a Advisor and Research Analyst at SHAPE Financial Corp. where he is supporting in formulating Sharia’a fund and sukuk structuring and monitoring of the projects in the GCC, US, Europe and Southeast Asia. He has also been consulted by the Singapore Council of Fatwa on Contemporary Financial issues such as the matter of CPF Life Scheme which had been implemented since 2010. He is currently serving as an associate member of the Singapore Council of Fatwa to discuss contemporary matters which concerns the general Muslim public in Singapore.

His recent research relates to the practical applications of the concepts of istijrar, tawarruq, sukuk forms, the Islamic rules of exchanges applicable to sukuk, and global capital markets rules.

Ustaz Mohd Kamal completed tertiary education in National University of Singapore (NUS) and graduated from Science Faculty with B.Sc. in Zoology and Botany. He obtained Diploma in Arabic Language from Islamic University of Medina in 1993. Proceeded in Faculty of Hadith and graduated with BA (Hons.) in Hadith and Islamic Studies in 1997. In 2006, he graduated from Shari'a Advisory Training Program jointly conducted by Singapore Islamic Scholars & Religious Teachers Association (PERGAS) and International Institute of Islamic Finance (IIIF). In 2015, he obtained his Master of Science (Finance) in International University of Malaysia (IIUM).

Amanie Advisors Sdn Bhd

Maybank Asset Management Sdn Bhd (“MAM”) has appointed Amanie Advisors Sdn Bhd ("Amanie") as the Shariah Advisor for Maybank Bosera Greater China ASEAN Equity-i Fund (“the Fund”). Amanie is a Shariah advisory, consultancy, training and research and development boutique for institutional and corporate clientele focusing on Islamic financial services. Amanie is a registered Shariah advisory company for Islamic unit trust with the SC. It has been established with the aim of addressing the global needs for experts' and Shariah scholars' pro-active input. This will ultimately allow the players in the industry to manage and achieve their business and financial goals in accordance with the Shariah principles. Amanie also focuses on organizational aspect of the development of human capital in Islamic finance worldwide through providing updated quality learning embracing both local and global issues on Islamic financial products and services.

Amanie is led by Datuk Dr. Mohd Daud Bakar and teamed by an active and established panel of consultants covering every aspect related to the Islamic banking and finance industry both in Malaysia and the global market. Currently the team comprises of five (5) full-time consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education.

Amanie meets the fund manager every quarter to address Shariah advisory matters pertaining to our Shariah funds. Since 2005, Amanie has acquired eleven (11) years of experience in the advisory role of unit trusts and as at 28 February 2017 there are 169 funds which Amanie acts as Shariah advisers.

Amanie Advisors Sdn Bhd Shariah Advisors

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Datuk Dr. Mohd Daud Bakar

Shariah Advisor
Datuk Dr. Mohd Daud Bakar is the Founder and Group Chairman of Amanie, a global boutique Shariah advisory firm with offices located worldwide. He currently sits as a Chairman of the Shariah Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Labuan Financial Services Authority and the International Islamic Liquidity Management Corporation (IILM). He is also a Shariah board member of various financial institutions, including the National Bank of Oman (Oman), Noor Islamic Bank (Dubai), Amundi Asset Management (France), Morgan Stanley (Dubai), Bank of London and Middle East (London), BNP Paribas (Bahrain), Dow Jones Islamic Market Index (New York), First Gulf Bank (UAE), amongst many others.

Prior to this, he was the Deputy Vice-Chancellor at the International Islamic University Malaysia. He received his first degree in Shariah from University of Kuwait in 1988 and obtained his PhD from University of St. Andrews, United Kingdom in 1993. In 2002, he completed his external Bachelor of Jurisprudence at University of Malaya. He has published a number of articles in various academic journals and has made many presentations in various conferences both local and overseas. On the recognition side, Datuk Dr Mohd Daud has been honored with “The Asset Triple A Industry Leadership Award” at the Asset Triple A Islamic Finance Award 2014 and “Shariah Adviser Award” at The Asset Triple A Islamic Finance Award 2016 for the Best Securitisation Sukuk- Purple Boulevard 450 Million Ringgit Asset-Backed Ijara Sukuk by The Asset Magazine. He is also being named as the “Most Outstanding Individual”, awarded by His Majesty, the King of Malaysia, in conjunction with the national-level Prophet Muhammad's birthday 2014. The recent recognition is the “Award of Excellence for Outstanding Contribution for Shariah Leadership & Advisory” at London Sukuk Summit Awards, May 2016. Datuk Dr. Mohd Daud is currently the 3rd professorial chairholder in Islamic Banking and Finance of Tun Ismail Foundation (YTI-PNB) by Islamic Science University of Malaysia (USIM) and also sits as a board director to Sime Darby Berhad.
 

Amanah Hartanah Bumiputera ("AHB")

Maybank Asset Management Sdn Bhd (“MAM”) has appointed the following individuals as the panel of Shariah advisers for Amanah Hartanah Bumiputera (“AHB”):

Amanah Hartanah Bumiputera ("AHB") Shariah Advisors

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Dr. Aznan Hasan
 
Associate Professor, Institute of Islamic Banking and Finance at the International Islamic University of Malaysia (IIUM)
Dr Aznan was appointed as the Chairman of the Shariah Committee of Maybank Islamic on 1 May 2014. He is currently an Associate Professor in Institute of Islamic Banking and Finance at the International Islamic University of Malaysia (IIUM).

He is the current President of the Association of Shariah Advisors in Islamic Finance (ASAS). He is also the Deputy Chairman of Shariah Advisory Council of the Securities Commission (SC) and a former member of the Shariah Advisory Council of Bank Negara Malaysia. Dr. Aznan serves as Chairman of the Shariah Advisory Board, Barclays Capital (DIFC, Dubai), a member of the Shariah Advisory Boards, ABSA Islamic Bank (South Africa), FNB Bank, Yasaar Limited, Khalij Islami, European International Islamic Bank (EIIB), Amanahraya Berhad, Amanah Raya Investment Bank Labuan, Employee Provident Fund and some other financial institutions and corporate bodies at both local and international level. He also serves as a Shariah consultant to Maybank Investment Bank. He is a registered Shariah advisor for the Islamic Unit Trust Schemes and Islamic securities (Sukuk), SC as well as a Member of the National International Zakat Organisation (IZO) Coordination Committee, an advisory body established under the Prime Minister's Department, and a member of Shariah Supervisory Board of the Waqaf Foundation (Yayasan Waqaf), a corporate entity formed by the government to oversee the application of Waqaf in Malaysia.

Dr Aznan is also a prominent author in Islamic finance and to date, has produced a number of books and publications in journals and has presented several conference papers / proceedings at various international events / conferences.

Dr Aznan received his first degree in Shariah from the University of al-Azhar and a Master’s degree in Shariah from Cairo University with distinction (mumtaz). He then obtained his PhD from the University of Wales, Lampeter, United Kingdom.
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Dr. Ismail bin Mohd @ Abu Hassan
 
Assistant Professor, Ahmad Ibrahim Kulliyyah of Laws at the International Islamic University of Malaysia (IIUM)
Dr Ismail bin Mohd @ Abu Hassan was appointed as a member of the Shariah Committee of Maybank Islamic on 1 April 2007.

He is currently an Assistant Professor at the Ahmad Ibrahim Kulliyyah of Laws, IIUM.  He sits as a Shariah advisor for Amanahibah Malaysia since 2001. Dr Ismail also sits on the Board of Trustee for Infaq lil Waqf, ANGKASA, Shariah Committee member for Koperasi Angkasa (KOPSYA) ANGKASA and as a member of the Board of Directors as well as the Shariah Committee Member, of Etiqa Takaful Malaysia. He is a registered Shariah advisor for the Islamic Unit Trust Schemes and Islamic securities (Sukuk), Securities Commission (SC) and is a Shariah advisor to Amanah Hartanah Bumiputera since 2010.

He graduated with First Class honours in Shariah from the University of Malaya and subsequently obtained his LL.M in Comparative Laws from the School of Oriental Studies, University of London. He then obtained his PhD in Comparative Law of Evidence from the Victoria University of Manchester, United Kingdom.
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Dr. Mohammad Deen Mohd Napiah
 
Assistant Professor, Ahmad Ibrahim Kulliyyah of Laws at the International Islamic University of Malaysia (IIUM)
Dr Mohammad Deen Mohd Napiah was appointed as a member of the Shariah Committee of Maybank Islamic on 1 April 2005.

He is currently an Assistant Professor at the Ahmad Ibrahim Kulliyyah of Laws at IIUM. Prior to his appointment as a member of the Shariah Committee of Maybank Islamic, he was the Shariah advisor for EON Bank Berhad from 1997 to 2003. He is currently a Shariah advisor to Amanah Hartanah Bumiputera since 2010, an Academic Assessor for the Malaysian Quality Agency (MQA) since 2001 and also a member of the Working Committee for Halal Terminologies and Nomenclatures with Standard and Industrial Research Institute of Malaysia (SIRIM). Dr Mohammad Deen is a registered Shariah advisor for the Islamic Unit Trust Schemes and Islamic Securities (Sukuk) with the Securities Commission Malaysia. He is also a member of the Disciplinary Committee Panel, Advocates & Solicitors Disciplinary Board of the Malaysian Bar Council.

He obtained his first degree in Shariah & Islamic Studies from the Kuwait University. He holds a Doctorate of Philosophy from Glasgow Caledonian University, Scotland.


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