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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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 Berhad on 1 May 2014 and Non-Independent Non-Executive Director of Maybank Islamic Berhad since 25 April 2019. He is currently an Associate Professor in the Institute of Islamic Banking and Finance at the International Islamic University of Malaysia (IIUM).

In addition, he is also the Chairman of the Shariah Committee of Amanah Hartanah Bumiputra, Etiqa General Takaful Berhad and Etiqa Family Takaful Berhad. Aside from that, 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 (SAC) of the Securities Commission (SC) and a former member of the SAC 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.

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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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).
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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 Azrul Azlan Iskandar Mirza
Senior Lecturer, Faculty of Economics & Muamalat, Universiti Sains Islam Malaysia

Dr Azrul Azlan Iskandar Mirza was appointed as a member of Shariah Committee with effect from 1 April 2020 and as a Shariah Advisor to Amanah Hartanah Bumiputera (AHB) since 10 August 2020.

He is a senior lecturer at the Faculty of Economics & Muamalat, Universiti Sains Islam Malaysia.

Dr Azrul received his bachelor’s degree in Islamic Jurisprudence from the University of al-Azhar in 2004 and his master’s degree in Management from the International Islamic University of Malaysia (IIUM) in 2006. He then obtained his PhD in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF) in 2015.

He is a registered Shariah Advisor with the Securities Commission Malaysia and serves as a Director at USIM Healthcare Sdn Bhd. He also sits as a member of Fatwa Committee, State of Negeri Sembilan Fatwa Council, Perundingan Hukum Syarak Committee, State of Pahang Fatwa Council and Shariah Committee of FWD Takaful Berhad.

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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, Hukum Syarak Consultative Committee of Wilayah Persekutuan, Syariah Advisory Panel of Wasiyyah Shoppe Berhad and Shariah Committee of UKM.

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 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 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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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 Berhad on 1 May 2014 and Non-Independent Non-Executive Director of Maybank Islamic Berhad since 25 April 2019. He is currently an Associate Professor in the Institute of Islamic Banking and Finance at the International Islamic University of Malaysia (IIUM).

In addition, he is also the Chairman of the Shariah Committee of Amanah Hartanah Bumiputra, Etiqa General Takaful Berhad and Etiqa Family Takaful Berhad. Aside from that, 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 (SAC) of the Securities Commission (SC) and a former member of the SAC 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.

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 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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Dr Azrul Azlan Iskandar Mirza
Senior Lecturer, Faculty of Economics & Muamalat, Universiti Sains Islam Malaysia

Dr Azrul Azlan Iskandar Mirza was appointed as a member of Shariah Committee with effect from 1 April 2020 and as a Shariah Advisor to Amanah Hartanah Bumiputera (AHB) since 10 August 2020.

He is a senior lecturer at the Faculty of Economics & Muamalat, Universiti Sains Islam Malaysia.

Dr Azrul received his bachelor’s degree in Islamic Jurisprudence from the University of al-Azhar in 2004 and his master’s degree in Management from the International Islamic University of Malaysia (IIUM) in 2006. He then obtained his PhD in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF) in 2015.

He is a registered Shariah Advisor with the Securities Commission Malaysia and serves as a Director at USIM Healthcare Sdn Bhd. He also sits as a member of Fatwa Committee, State of Negeri Sembilan Fatwa Council, Perundingan Hukum Syarak Committee, State of Pahang Fatwa Council and Shariah Committee of FWD Takaful Berhad.



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