Shariah Advisors

Maybank Islamic Berhad

Maybank Asset Management Sdn Bhd (“MAM”) has appointed Maybank Islamic Berhad (“Maybank Islamic”) as the Shariah Advisor. 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 the 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 more than five (5) funds. 

Members of the Shariah Committee of Maybank Islamic Berhad are:

Maybank Islamic Berhad Shariah Committee Members

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Assoc. Prof. Dr. Aznan Hasan
Associate Professor, IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia

He was appointed as the Chairman of the Shariah Committee on 1 May 2014 and a Non-Independent Non-Executive Director 25 April 2019 at Maybank Islamic.

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.

Currently, he is the Deputy Chairman of the Shariah Advisory Council of Securities Commission, a member of Board of Trustee at Yayasan Pembangunan Ekonomi Islam Malaysia (YaPEIM), a Board member of Higher Shari'ah Authority of UAE Central Bank, and a Shariah Board member of Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”). He had served as a member of the Shariah Advisory Council of Bank Negara Malaysia (2006-2008 and 2010-2013).

Dr Aznan also serves as a member of the Shariah Advisory Boards of Sedania As-Salam Capital Sdn Bhd, ABSA Islamic Bank (South Africa), FNB Bank (South Africa), Yasaar Limited (London), HSBC Amanah (Dubai), and Standard Chartered (Global).

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Ustaz Mohd Kamal bin Mokhtar
Judge, Shariah Appeal Court of Singapore
He was appointed as a member of the Shariah Committee of Maybank Islamic on 1 September 2015.
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.

He graduated from the National University of Singapore (NUS) with a B.Sc. in Zoology and Botany. He obtained his Diploma in Arabic Language from the Islamic University of Medina (Saudi Arabia). Proceeded in Faculty of Hadith and graduated with BA (Hons.) in Hadith and Islamic Studies. Additionally, 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). He holds a Master of Science (Finance) from the International University of Malaysia (IIUM). He is the Chairman of Bedok Cooperative and a Board member of Warees Halal Limited. He serves as a Shariah Committee member for Basil fund, a private Real Estate Investment fund based in Singapore since 2012 and Shariah Advisor at Ar Rahnu Singapore. Additionally, Ustaz Kamal serves as an associate member of the Singapore Council of Fatwa to discuss contemporary matters concerning the general Muslim public in Singapore and a member of Asatizah Recognition Board (ARB) Committee of Future Asatizah of MUIS and PERGAS.
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Dr. Akhtarzaite Abdul Aziz
 
Assistant Professor, Department of Fiqh and Usul Al-Fiqh, International Islamic University Malaysia (IIUM)
Dr Akhtarzaite Abdul Aziz was appointed as the Member of Shariah Committee with effect from 1st March 2020.

She is an Assistant Professor at the Department of Fiqh and Usul Al-Fiqh, International Islamic University Malaysia (IIUM).

She received her Bachelor's degree in Law in 1994 and subsequently Bachelor's degree in Shariah a year later in 1995. She then obtained her Master's degree in Fiqh and Usul Al-Fiqh in 2000 and followed-by PhD in Fiqh and Usul Al-Fiqh in 2015, all from International Islamic University Malaysia (“IIUM”).

Currently, she is the Chairman of Great Eastern Takaful Berhad and serves as a member of Shariah Advisory Committee of IIUM Endowment Fund 
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Dr. Nik Abdul Rahim Nik Abdul Ghani
 
Senior Lecturer, Faculty of Islamic Studies at University Kebangsaan Malaysia
Dr Nik Abdul Rahim was appointed as a member of the Maybank Islamic Berhad Shariah Committee with effect from 8 September 2020.

He is a senior lecturer at the Research Centre for Shariah, Faculty of Islamic Studies at Universiti Kebangsaan Malaysia (UKM).

Dr Nik Abdul Rahim received his bachelor's degree in Shariah from Islamic University of Medina in 2003 and master's degree in Shariah from UKM in 2009. He then obtained his PhD in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF) in 2017.

Currently, he serves as a member of the Shariah Advisory Body of Syarikat Takaful Malaysia Keluarga Berhad, Jawatankuasa Perundingan Hukum Syarak Wilayah Persekutuan - Pejabat Mufti Wilayah Persekutuan, Syariah Advisory Panel of Wasiyyah Shoppe Berhad and Shariah Committee of UKM.
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Associate Professor Dr Sharifah Faigah Syed Alwi
 
Senior Lecturer, Arshad Ayub Graduate Business School and the Faculty of Business and Management, Universiti Teknologi MARA
Associate Professor Dr Sharifah Faigah Syed Alwi was appointed as a member of Shariah Committee with effect from 1 May 2021.

She is a senior lecturer and the Deputy Dean of Research, Publication, Consultancy and Student Development at Arshad Ayub Graduate Business School, Universiti Teknologi MARA.

She received her bachelor's degree in Shariah (Economics) and her master's degree in Shariah (Islamic Banking) from the University of Malaya in 1995 and 2004 respectively. She then obtained her Doctor of Philosophy degree in Islamic Banking and Finance from the International Islamic University Malaysia in 2012.

Previously, Dr Sharifah Faigah was a Shariah Committee member at Export-Import Bank of Malaysia Berhad and United Overseas Bank (Malaysia) Bhd. Currently, she is the panel of assessor of Malaysian Qualifications Agency to ensure the quality of the Islamic banking and finance program offered by the universities in Malaysia. At the same time, she is appointed as the visiting professor, external advisor and external examiner for Islamic banking and finance program for a few public and private universities in Malaysia, Indonesia and Saudi Arabia.
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Ustaz Muhammad Ali Jinnah Ahmad
Ustaz Muhammad Ali Jinnah bin Ahmad was appointed as a member of Shariah Committee with effect from 1 May 2021.

He holds a Bachelor in Islamic Jurisprudence (Fiqh wa Usul) from Al al-Bayt University, Jordan in 2002 and Master in Islamic Management, Banking and Finance at Loughborough University, UK in 2004. He is currently pursuing his PhD at International University of Malaya-Wales.

Ustaz Muhammad Ali started his career as a lecturer at Kolej Universiti Islam Antarabangsa Selangor (KUIS) and later joined International Shari'ah Research Academy for Islamic Finance (ISRA) as a researcher from 2009 to 2017. He was the Chairman of Shariah Committee at BNP Paribas Malaysia Berhad and BNP Paribas Labuan Branch. He also served as the Chairman of Shariah Committee and Independent Non-Executive Director at HSBC Amanah Takaful Malaysia Berhad.

Currently, he is an Independent Non-Executive Director and the Chairman of Shariah Committee at FWD Takaful Malaysia Berhad.

Amanie Advisors Sdn Bhd

Maybank Asset Management Sdn Bhd (“MAM”) has appointed Amanie Advisors Sdn Bhd ("Amanie") as the Shariah Advisor for MAM's Shariah funds. 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 of 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 the organizational aspect of the development of human capital in Islamic finance worldwide by providing updated quality learning embracing both local and global issues on Islamic financial products and services.

Amanie is led by Tan Sri 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 eight (8) 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 fourteen (14) years of experience in the advisory role of unit trusts and as at LPD (1 January 2020), there are more than 200 funds which Amanie acts as Shariah advisers. 

The Shariah Adviser is independent of the Manager and none of its Shariah team is holding office as a member of the investment committee of the Fund or any other funds managed and administered by the Manager.

Amanie Advisors Sdn Bhd Shariah Advisors

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Tan Sri Dr. Mohd Daud Bakar
 
Shariah Advisor
Tan Sri 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, Tan Sri Dr. Mohd Daud Bakar 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. Tan Sri Dr. Mohd Daud Bakar 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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Assoc. Prof. Dr. Aznan Hasan
 
Associate Professor, IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia

He was appointed as the Chairman of the Shariah Committee on 1 May 2014 and a Non-Independent Non-Executive Director 25 April 2019 at Maybank Islamic.

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.

Currently, he is the Deputy Chairman of the Shariah Advisory Council of Securities Commission, a member of Board of Trustee at Yayasan Pembangunan Ekonomi Islam Malaysia (YaPEIM), a Board member of Higher Shari'ah Authority of UAE Central Bank, and a Shariah Board member of Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”). He had served as a member of the Shariah Advisory Council of Bank Negara Malaysia (2006-2008 and 2010-2013).

Dr Aznan also serves as a member of the Shariah Advisory Boards of Sedania As-Salam Capital Sdn Bhd, ABSA Islamic Bank (South Africa), FNB Bank (South Africa), Yasaar Limited (London), HSBC Amanah (Dubai), and Standard Chartered (Global).

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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 Shariah Advisor to Amanah Hartanah Bumiputera (AHB) since 2010.

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). He was also a member of the Shariah Committee of Maybank Islamic from 2007 until 2017.

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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