Siri No.

: 10001468696

HRD CLAIMABLE

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SHARIAH DECISION-MAKING IN THE ISLAMIC FINANCE INDUSTRY:
DEFINING PRINCIPLES AND CONTROLLING PRACTICES

21 october
masterclass 22 & 23
18-20 RABI’ THAANI 1446H
october
issf2024

Pullman Kuala Lumpur City Centre, Malaysia

PROGRAMME BOOK

ORGANISED BY A COMMUNITY MEMBER OF OFFICIAL BANK STRATEGIC PARTNER

PARTNERS APP PARTNER MEDIA PARTNER

issf.inceif.edu.my
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The ISSF 2024 is a distinguished high-level Shariah platform, attracting prominent Shariah scholars, standard setting
bodies, regulators, industry practitioners and academicians from key Islamic finance jurisdictions worldwide.

The primary objectives of the ISSF encompass the promotion of Islamic finance, harmonisation of Shariah scholars’
interpretations and fostering mutual understanding and respect among scholars and practitioners.

It stands as a high-level forum providing access to scholarly deliberations of critical issues Shariah issues, operational
challenges, and opportunities within the global Islamic finance landscape.

The 19th edition of the ISSF, designated as ISSF 2024, is scheduled to take place in Kuala Lumpur, Malaysia. It aligns with
the ground vision and mission of the Malaysian International Islamic Finance Centre (MIFC), serving as a testament to
Malaysia’s commitment to Islamic finance excellence and leadership on the global stage.

As the theme of the ISSF 2024, the Shariah decision-making process holds integral importance in the operations of the
Islamic finance industry. It involves interpreting the Shariah to ensure the compliance of products and services offered by
Islamic financial institutions (IFIs). However, there exists a pressing need for a comprehensive understanding of the
defining principles and controlling practices governing this decision-making process. Thus, it is crucial to examine the
fundamental principles guiding Shariah decision-making and the various controlling practices implemented by IFIs to
ensure compliance with Shariah objectives and principles.

Additionally, it is essential to deliberate on challenges or discrepancies in the interpretation and application of Shariah
principles within the context of financial activities. The overarching goal of the forum is to provide recommendations aimed
at enhancing the effectiveness and transparency of Shariah decision-making processes within the Islamic finance
industry.

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 19TH INTERNATIONAL SHARIAH SCHOLARS FORUM

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Agenda
Day 1 : Tuesday, 22 October 2024
8.00 am Registration

9.00 am Emcee and Dua

9.05 am Welcoming Remarks

Dr Marjan Muhammad
Deputy President Research,
ISRA Research Management Centre, INCEIF University

9.10 am Keynote Address

Fundamental Principles of Shariah Decision Making
Mr. Yousef Hassan Khalawi
Secretary-General, AlBaraka Forum for Islamic Economy

9.30 am 1st Session

Evaluating the regulatory procedures for Shariah decision-making in Islamic financial institutions
‫
ƒ‚ ا€اءات ا­ ﺎ ا ار ا  ا ﺎت اﺎ ا‬
Presenters
Prof Dr Rusni Hassan
Dean at IIUM Institute of Islamic Banking and Finance,
International Islamic University Malaysia (IIiBF-IIUM)

Sheikh Dr Abdul Bari Mashal

Chairman, Raqaba for Shari'ah Audit & Islamic Financial Consultations

Mufti Muhammad Khalid Hasani

Member of Shariah Supervisory Board, AL BARAKA Bank (Pakistan) Ltd

Discussant
Assoc. Prof Dr Ahcene Lahsasna
Chief Executive Officer of Salihin Shariah Advisory & Chief Academic Officer of Salihin Academy

Moderator
Ustaz Mohd Bahroddin Badri
Head, Shariah Advisory, ISRA Consulting Sdn Bhd, INCEIF University

11.00 am Break: Refreshments & Networking

11.30 am Keynote address (Online)

Maqasid Principles Underlying Shariah decision-making in the Islamic finance industry
‫ا ﺎدئ ا ﺎ  ا  ﺎ ا ار ا  اﺎ اﺎ ا‬
His Excellence, Sheikh Prof Dato’ Dr Koutoub Moustafa Sano
Secretary General of International Islamic Fiqh Academy of Organisation of Islamic Cooperation

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 19TH INTERNATIONAL SHARIAH SCHOLARS FORUM

12.00 noon Opening Ceremony of ISSF 2024

Quran Recitation

Welcoming Remarks
Professor Emeritus Dato' Dr Mohd Azmi Omar
President & Chief Executive Officer, INCEIF University

Keynote Speech
Mr. Ahmad Shukri Abdul Rahman
Chief Risk Officer, Bank Rakyat

Opening Speech
YB Senator Dato' Setia Dr. Haji Mohd Na'im bin Haji Mokhtar
Minister in the Prime Minister's Department in charge of Religious Affairs

Launching of ESG-I Accessment Platform

MoU exchange between INCEIF University and Bangladesh Institute of Bank Management
(BIBM)

Group Photo

1.00 pm Lunch & Zuhr Prayer

2.15pm 2nd Session

Shariah principles and fundamentals underlying Shariah decision-making in the Islamic finance
industry
‫ا ﺎدئ ا وا
† ات ا„ﺎ ﺎ ا ار ا  اﺎ اﺎ‬
‫ا‬
Presenters
Sheikh Prof Dr Ali Muhyiddin Ali Al Qaradaghi (Online)
Chairman, International Union of Muslim Scholars

Sheikh Dr Abduurrahman As-Sanusi (Online)

Prof of Algerian University and Member of Supreme Council of Islamic Affairs

Dr Ismail Khalid Halitoglu

Manager, Kuveyt Türk participation Compliance, Kuveyt Türk Participation Bank Inc

Discussant
Prof Dr Abdul Majeed Muhammad Al-Soswa
Professor at the Faculty of Shariah and Law, Sana’ University, Chairman of the Sharia Supervisory
Board at the International Islamic Solidarity Bank

Moderator
Dr Redhouane Lammer
Direct, Laboratory for Studies in Islamic Finance and Sustainable Development

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3.45 pm 3rd Session

Shariah decision-making in Islamic financial institutions: Navigating the challenge of aligning
with Maqasid principles (Taqsid)
 ‫ﺎ ا ار ا  ا ﺎت اﺎ ا وإ‡†ﺎ ا‬
Presenters
Dr Sami al-Suwailem
Acting Director General, Islamic Development Bank Institute

Prof Dr Said Bouheraoua

Director, Research Development & Innovation (RDI), ISRA RMC, INCEIF University

Discussant
Sheikh Dr Bashir Aliyu Umar
Chairman, Financial Regulation Advisory Council of Experts, Central Bank of Nigeria

Moderator
Assoc. Prof. Dr Zeynelabidin Hayat
Visiting Post-Doctoral Fellow, ISRA RMC, INCEIF University

5.15 pm Refreshment / End of First Day

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Day 2 : Wednesday, 23 October 2024

9.00 am Emcee Remarks

9.05 am 4th Session

Shariah decision-making within the Shariah governance structures of the Islamic finance industry
‫ﺎ ا ار ا  ƒء ‹ﺎ‰Š اƒ‰ ا ﺎ اﺎ ا‬
Presenters
Sheikh Prof Dr Muhamad Abdul Razaq Al Tabtaba’i
Dean Faculty of Shariah, Kuwait University

Sheikh Prof Dr Mohammed Karrat (Online)

Prof of Fiqh in Qarawiyyin University and Shariah Consultant,
Morocco

Prof Dr Engku Rabiah Adawiyah Engku Ali

Deputy Chairman, SAC BNM and SAC SC Malaysia

Discussant
Prof Dr Azman Mohd Noor
Chairman Shariah Committee of Bank Rakyat

Moderator
Dr Fares Djafri
Senior Research Fellow, ISRA Research Management Centre

10.40 am Break: Refreshments & Networking

11.10 am 5th Session

The Fiqh (jurisprudential), Maqasid and economic dimensions of Shariah decision-making in the
Islamic finance industry: Complementarity or contradiction?
‫ا  ا“ ’ وا ﺎ ي وا‘Žﺎدي ﺎ ا ار ا  اﺎ‬
‫
†ﺎŠ أم
”ﺎد‬:‫اﺎ ا‬
Presenters
Prof. Dr. M. Kabir Hassan
Graduate Coordinator for Ph.D. Program in Finance, University of New Orleans, New Orleans

Prof Dr Younes Soualhi

Senior Research Fellow, ISRA RMC, INCEIF University

Discussant
Sheikh Prof Dr Mohamed Ali Elgari (Online)
Chairman, Shariah Board, IsDB, IFSB & IILM, Shariah Board Member of AAOIFI

Moderator
Dr Said Adekunle Mikail
Assoc. Professor, ISRA RMC, INCEIF University

12.40 noon Shariah Committee Succession Plan Initiative (SCSPI) : Continuous Legacy of Shariah Experts
in Islamic Finance
Mr. Makhtar Abdullah
CEO, Association of Shariah Advisors in Islamic Finance (ASAS)

12.50 noon Lunch and Zuhr Prayer

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2.00 pm 6th Session

Initiatives by supervisory authorities and supporting institutions to promote Shariah decisions
and implement them within the Islamic finance industry
‫ ﺎدرات ا˜’ﺎت اŽﺎ— وا ﺎت اا 
  ا ارات ا‬
‫و
“’ﺎ  اﺎ اﺎ ا‬
Panelists
Dr. Abideen Adeyemi Adewale
Acting Assistant Secretary-General for Standard Implementation
Islamic Financial Services Board

En. Mohd Hariz Daud

Islamic Capital Market, Securities Commission Malaysia

Ust Muhammad Izzam Muhammad Khazar

Deputy Director, Islamic Finance Dept, BNM

Moderator
Dr Marjan Muhammad
Deputy President Research, ISRA RMC, INCEIF University

3.00 pm 7th Session

Open Dialogue

The focus of dialogue:

Maqasid consideration in Shariah decision making
‫ا‘ ﺎر ا ﺎ ي  ﺎ ا ار ا‬
Panelists
Sheikh Prof Dr Ali Muhyiddin Ali Al Qaradaghi (Online)
Sheikh Prof Dr Muhamad Abdul Razaq Al Tabtaba’i
Sheikh Dr Bashir Aliyu Umar
Sheikh Prof Dr Mohammed Karrat (Online)
Sheikh Prof Dr Azman Mohd Noor
Sheikh Nasser Haider (Online)

Moderator
Datuk Prof Dr Mohamad Akram Laldin
Professor, INCEIF University

5.00 pm Conference Resolutions

Prof Dr Said Bouheraoua
Director, Research Development & Innovation, ISRA RMC, INCEIF University

5.15 pm Closing Remarks

5.30 pm Refreshment / End of the Programme

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Speakers Profile
PROFESSOR EMERITUS DATO’ DR. MOHD AZMI OMAR
President & Chief Executive Officer
INCEIF University

Professor Emeritus Dato’ Dr. Azmi is currently the President & Chief Executive
Officer of INCEIF University. He is one of International Islamic University
Malaysia’s (IIUM) pioneering staff when he joined the then newly set up
university in Nov 1983 as a lecturer at the Kulliyyah of Economics and
Management Sciences.

In his 36 years of service at IIUM, he was a professor at the Department of

Finance, and Department of Business Administration, Kulliyyah of Economics
and Management Sciences. He was also the Dean of the Kulliyyah from 1996 to
2003.

From 2003 to 2008, he held the position of Deputy Rector (Academic and
Research). He was the Dean of the Office of Corporate Strategy and Quality
Assurance from 2008 to 2009 and the Dean of IUM Institute of Islamic Banking
and Finance from 2009 to 2011.

Prior to joining INCEIF, Dato’ Azmi was the Director General of Islamic Research
and Training Institute (IRTI) at Islamic Development Bank Group in Jeddah (Jan
2012 – Sept 2017). At IRTI, he had introduced a number of innovative policy
research which culminated into flagship reports such as IRTI Islamic Social
Finance Report and IsDB-World Bank Global Report on Islamic Finance. He has
also advised and provided technical assistance to several IsDB member
countries in their implementation of Islamic Finance.

MR. YOUSEF HASSAN KHALAWI

Secretary-General, AlBaraka Forum for Islamic Economy

Mr Yousef Khalawi, is currently General Secretary of AlBaraka Forum for

Islamic Economy and the Islamic Chamber of Commerce, Industry and
Agriculture. He is also chairman of advisory board of Albaraka Turk
Participation Bank. He is a member of the Board of Trustees in various
international organizations, including the Accounting and Auditing
Organization for Islamic Financial Institutions in Bahrain (AAOIFI). He is also a
member of the main council of the Islamic Fiqh Academy. Mr. Yousef Khalawi
is also a board member of the Saudi Commercial Arbitration Center in Riyadh
- SCCA, which is the highest arbitration authority in the Kingdom of Saudi
Arabia

He receives bachelor’s degree from Faculty of Theology at Imam Mohammed

bin Saud Islamic University Riyadh. He received his legal education in various
international law and consultancy firms in Frankfurt, Geneva and London. He
specializes in comparative Fiqh, international investment, arbitration and
dispute resolution.

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HIS EXCELLENCY PROFESSOR EMERITUS DATO’ DR KOUTOUB

MOUSTAPHA SANO
Secretary General of International Islamic Fiqh Academy of Organisation
of Islamic Cooperation

H.E. Prof. Koutoub Moustapha Sano is currently Secretary General of the

International Islamic Fiqh Academy of Organisation of Islamic Cooperation
(IIFA-OIC).
Prior to this appointment, H.E. Prof Sano, His Excellency has held important
academic, administrative and political positions, including Professor of
Comparative Jurisprudence and its principles, Islamic Finance and Maqasid for
sixteen years (2009-1993) at the International Islamic University Malaysia.

H.E. Prof Sano served as Minister of Religious Affairs of the Republic of Guinea
(2011-2009), Minister of International Cooperation (2016 -2011), Minister of
Diplomatic Affairs at the Presidency of the Republic and Diplomatic Advisor to
the President of the Republic (2020 -2016) as well as Deputy Rector of the
International Islamic University Malaysia for External Relations and Innovation.
He was the Founding Director of the International Institute for the Unity of the
Islamic Ummah in Malaysia

H.E. Prof Sano obtained a bachelor’s degree in jurisprudence and its

fundamentals with highest honors from King Saud University Riyadh as well as
master’s degree in comparative Fiqh and its foundations from the same
university. H.E. obtained a PhD in Law with a specialization in Fundamentals of
Fiqh and a postgraduate diploma in Islamic banking and finance from the
International Islamic University of Malaysia. His Excellency also obtained a State
Doctorate in Islamic Finance with very high honors (excellent) from the Higher
Institute of the Foundations of Religion at Al- Zaytoonah University in the
Tunisian Republic.

His Excellency is the author of books and research papers published in Arabic,
English and French, including the following titles: a glossary on Fiqh
terminology and its foundations, the making of fatwa, Ijtihad in understanding
the text: Benchmarks and rules, the collective Ijtihad, unrestricted public
interests and their contemporary applications to name a few.

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DATUK PROF. DR. MOHAMAD AKRAM

Professor, INCEIF University
Datuk Prof. Dr. Mohamad Akram is currently a Professor at INCEIF University,
Malaysia. Prior to joining INCEIF, he served as an Assistant Professor at the
Kulliyyah of Islamic Revealed Knowledge and Human Sciences, International
Islamic University Malaysia (IIUM). Between 2002 and 2004, he was a Visiting
Assistant Professor at the University of Sharjah in the United Arab Emirates. He
also held the position of Executive Director at the International Shari’ah
Research Academy for Islamic Finance (ISRA), an institution established by
Bank Negara Malaysia, until 2023.

Prof. Akram is an esteemed member of various Shariah advisory boards and

councils. He is currently a Member of the Shariah Advisory Council at Bank
Negara Malaysia, a Member of the MIFC Leadership Council, Chairman of the
Shariah Board of the Employees Provident Fund Malaysia (EPF), and Chairman
of the Shariah Supervisory Council of Labuan Financial Services Authority (FSA).
He also serves as a Member of the Internal Shariah Supervisory Committee at
Dubai Islamic Bank, a Member of the Shariah Advisory Council at the
International Islamic Financial Market (IIFM) in Bahrain, and a Member of the
AAOIFI Public Interest Monitoring Consultative Committee (PIMCC).
Additionally, he holds positions as a Member of the Internal Shariah Supervision
Committee at First Abu Dhabi Bank (FAB), a Member of the Financial
Regulation Advisory Council of Experts (FRACE) at the Central Bank of Nigeria,
a Member of the Shariah Supervisory Board at Bank Musqat Meethaq Islamic
Bank, and Chairman of the Shariah Advisory Committee of Permodalan
Nasional Berhad (PNB) Malaysia. Prof. Akram is also a Member of the Shariah
Advisory Committee of Lembaga Tabung Haji Malaysia, Chairman of the Board
of Directors at ASNB Wakalah Sdn Bhd Malaysia, and a Member of the Institute
of Corporate Directors Malaysia (ICDM).

He holds a B.A. Honours degree in Islamic Jurisprudence and Legislation from

the University of Jordan in Amman and a Ph.D. in Principles of Islamic
Jurisprudence (Usul al-Fiqh) from the University of Edinburgh in Scotland. Prof.
Akram has presented numerous papers on Islamic Banking, Finance, and Fiqh
topics at both national and international forums and has been conducting
training sessions on Islamic Banking and Finance for various sectors since 1999.
He is a registered Shariah Advisor for Islamic Securities with the Securities
Commission of Malaysia and has advised on the issuance of many sukuks.
Moreover, he is a prolific author in the field of Islamic Banking and Finance.

Prof. Akram’s contributions to the field have earned him several prestigious
awards, including the Zaki Badawi Award for Excellence in Shariah Advisory
and Research, the Most Outstanding Individual Contribution to Islamic Finance
during KLIFF 2016 organized by CERT, and the 1439/2017H Malaysian Islamic
Personality Award, conferred by the Government of Malaysia. In recognition of
his service, he was awarded the Panglima Jasa Negara (PJN), Commander of
the Order of Meritorious Service, which carries the title “Datuk,” on June 2022 ,6,
by the King of Malaysia.

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DR. MARJAN MUHAMMAD

Deputy President Research, ISRA Research Management Centre,
INCEIF University

Dr. Marjan Muhammad is currently the Deputy President Research and the
Director of the Research Management and Publications Department, ISRA
Research Management Centre, INCEIF University. In her current capacity, she
oversees different portfolios including research quality and assessment,
publications and research intellectual property and commercialization. She
was the Director of Research Affairs Department at ISRA from 2017 -2013. She is
currently a member of Shariah Advisory Council for both regulators, Bank
Negara Malaysia (BNM) and Securities Commission Malaysia.

Prior to that, she was a member of Shariah Committee of Maybank Islamic

Berhad, SME Bank Berhad, MBSB Berhad and RHB Islamic Berhad. At the
international level, she sits on the Advisory Committee of Experts of Lotus Bank
Limited and Shariah Supervisory Board of Lotus Capital Limited, both are based
in Nigeria. Dr. Marjan has published many articles in international and local
refereed journals, produced several research papers on Islamic finance, written
several book chapters, contributed to industry reports, and presented papers in
various local and international conferences. She obtained her bachelor’s
degree in Fiqh and Usul al-Fiqh from IIUM and completed her Master’s degree
and PhD’s in Fiqh and Usul al-Fiqh from the same university.

PROF. DATIN DR. RUSNI BT HASSAN

Dean at IIUM Institute of Islamic Banking and Finance,
International Islamic University Malaysia (IIiBF-IIUM)

Prof. Datin Dr. Rusni Hassan is currently the Dean of IIUM Institute of Islamic
Banking and Finance, International Islamic University Malaysia (IIUM).

She is a Shariah Committee member in several institutions in Malaysia such as

Hong Leong Islamic Bank; Etiqa Family Takaful and Etiqa General Takaful, Exim
Bank and Association of Islamic Banking Institutions Malaysia (AIBIM).
Internationally, she is the Shariah Committee for HDFC Maldives and Advisor to
Women on Boards Maldives. She is a registered Shariah Advisor with the
Securities Commission Malaysia. She is also active in both the Association of
Shariah Advisors in Islamic Finance Malaysia (ASAS) and the International
Council of Islamic Finance Educators (ICIFE) where she served as the Secretary
and the Assistant Secretary.

She graduated with LLB (Honours), LLB (Shariah) (First Class), Master of
Comparative Laws (MCL) and PhD in Law. Her area of specialization includes
legal, governance and Shariah aspects of Islamic Banking and Finance. She is
an active researcher and expert trainer in IBF. Her publication includes books
on Islamic Banking and Finance, Corporate Governance of Islamic Financial
Institutions, Reward and Risk in Islamic Finance and many others. She also
writes chapters in books and articles published in local and international
journals. She is listed as Top 10 contributor for research in Islamic Finance in
Scopus database.

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SHEIKH DR ABDULBARI MASHAL

Chairman, Raqaba for Shari'ah Audit & Islamic Financial Consultations

Dr Abdulbari Mashal is currently the Managing Partner of Raqaba for Shariah

Audit & Islamic Financial Consultations. He has held important positions in
industry and the standard setting bodies. In the industry, he served as deputy
general manager- Shariah control at Alinma Bank Riyadh, Head of Shariah
consultant at Bait Al-Mashura, Kuwait, Senior Shariah consultant at Al Rajhi
Bank Riyadh. In the standing setting bodies and supporting institutions, he
serves as Islamic finance expert at the international Islamic Fiqh Academy,
Jeddah, AAOIFI Shariah committee (2010-2007), AAIFI Governance and Ethics
Board (since Dec. 2015 till present), Permanent Expert at the Shariah Board for
Supervision and Rating, CIBAFI, member of the Fiqh Council of North America,
Honorary Fellow and Arbitrator at the International Islamic Center for
Reconciliation and Arbitration (IICRA) Dubai and many more.

Dr Abdulbari received bachelor’s degree in Shariah, master’s and PhD in Islamic

Economics from Al-Imam Muhammad Ibn Saud Islamic University, Riyadh. He
has authored 12 textbooks and more than 60 research papers and 200 articles
in Islamic finance.

ASSOCIATE PROFESSOR DR. AHCENE LAHSASNA

Chief Executive Officer of Salihin Shariah Advisory & Chief Academic
Officer of Salihin Academy

Associate Professor Dr. Ahcene Lahsasna is currently the Chief Executive

Officer of Salihin Shariah Advisory & Chief Academic Officer of Salihin Academy,
Member of the Malaysian Financial Planning Council (MFPC), He is a Shariah
advisor for Standards Chartered Bank, and RGA Labuan. Dr. Ahcene Lahsasna is
(CPIF) Chartered Professional Islamic Finance, he is also a Register Financial
Planner (RFP), FAP (FAA Accreditation Panel), Certified Trainer by CIBAFI
(General Council for Islamic banks and financial institutions in Bahrain),
certified Professional trainer (CPT), by the FAA and Certified Trainer by MFPC.
He is the Chairman of Shariah committee of Standard Chartered (Saadiq) Bhd.
He was He is a member of the Shariah Committee for Maybank Islamic and
Etiqa Takaful, and Shariah advisory member for the Malaysian Financial
Planning Council (MFPC).

He received a bachelor’s degrees in Islamic law and Islamic Jurisprudence from

the Islamic University Emir Abd Kadir, (Constantine, Algeria). He began his
postgraduate studies in Shariah and the Arabic language in Damascus, Syria
before moving to Malaysia to complete Master’s and Ph.D degrees in Islamic
Law & Islamic Jurisprudence (Fiqh and Usul Fiqh) at IIUM. He lectured at the
Islamic Science University of Malaysia on Shariah and law, the Faculty of
Business and Accountancy at the University of Malaysia on Islamic finance, and
the School of International Business and Finance at the University of Malaysia
Sabah, Labuan on Islamic finance regulation and governance. Dr Ahcene
Lahsasna authored over 20 books and the recipient of the Global Responsible
Business Leadership Award in 2017 and 2019 for Islamic Financial Excellence.

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MUFTI MUHAMMAD KHALID HASANI

Member of Shariah Supervisory Board, AL BARAKA Bank (Pakistan) Ltd

Sh. Khalid Hasani is a Shariah scholar, teacher, specialized in Shariah, having

experience of teaching various Islamic subjects in different Islamic Institutions
for years. He holds “Shahadah Aalamiya" (Masters in Shariah /Islamic Studies)
from world’s renowned Islamic Seminary “Jamia Darul Uloom Karachi”. After
that he did specialization in Islamic Jurisprudence (Mufti Course). He also got
contemporary education, securing bachelor’s degree in Economics.

His (Khalid Hasani) area of specialization encompasses Shariah Advisory,

Shariah Compliance, Shariah Review, Shariah Audit, Shariah Structuring
/Product Development and Shariah Trainings in the field of Islamic banking,
Takaful, Islamic Fund management and Halal Industry.

Prior to joining Bank Al Baraka as Shariah Board Member in Sep 2021, he was
associated with a number of IBIs/IBWs namely – Habib Bank Ltd /HBL Islamic
Banking, Askari Bank Ltd /Ikhlas Islamic Banking and Dubai Islamic Bank
Pakistan as 'Shariah Scholar' where he was engaged strengthening Shariah
Compliance Controls, executing Shariah Reviews along with Product Shariah
structuring and conducting Islamic Finance Trainings.

He has also played supporting role in providing Shariah supervisory for Deloitte
Middle East, Awwal Mudarabah (a subsidiary of Pak Brunei Investment
Company), UBL Ameen Fund, Takaful Emarat UAE, contributed in setting up
Takaful Operations and developing Takaful Products for State Life-Window
Takaful and Adamjee Insurance-Window Takaful and provided Shariah
feedback on AAOIFI’s new curriculum for CIPA.

Moreover, he is the moderator & founder of internationally renowned “Islamic

Economic Forum ‫ﻣﻨﺘﺪی اﻻﻗﺘﺼﺎداﻻﺳﻼﻣﯽ‬ ” - a unique WhatsApp group of its kind
where top leading Shariah Scholars, Economists, Researchers, Professors,
Practitioners and Regulators from different part of the world (approximately
from 61 countries) have gathered in one platform for the purpose of scholarly
discussions on various issues and challenges facing the Islamic Economic &
Finance Industry. The forum has got global acceptance, having representation
of almost all IF standard setting bodies and regulatory authorities like AAOIFI,
CIBAFI, IFSB, World Bank Islamic Finance Group, Central Banks, ISRA etc. and
group discussions are serving as background material and feedback for
decisions and standards as well as are published in I-FIKR ISRA and IEFPEDIA.
He is also a member of many other local & International forums, which
distinguishes him and gives him an edge in socially linking and interacting with
world’s renowned Sharia Scholars and IF Professionals.

In addition, he was awarded as “Upcoming Sharia Scholar of Islamic Finance for

the year 2017” by Cambridge Islamic Finance Analytica, UK. He has also
participated in several Islamic Banking & Finance conferences, workshops and
talk sessions globally as well as nationwide.

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H.E. SHEIKH PROF. DR. ALI MUHIDDIN AL-QARADAGHI

Chairman, International Union of Muslim Scholars

Sheikh Prof. Dr. Ali Muhiddin Al-Qaradaghi is is currently the Chairman of the
International Union of Muslim Scholars. Sheikh Ali Al-Qaradaghi is the former
Secretary General of the International Union of Muslim Scholars. Chairman of
the ISESCO’s Supreme Advisory Council for the approximation of sects which is
affiliated with the Organization of Islamic Cooperation. Vice President of the
European Council for Fatwa and Research. He is a former a professor and head
of the Department of Jurisprudence and Fundamentals in the College of
Shariah and Islamic Studies in the University of Qatar.

Chairman of the Board of Trustees in the University of Human Development in

Kurdistan Region of Iraq. Chairman of the Kurdish Islamic League. Chairman
and executive member of the Fatwa and Shariah Supervisory Boards of several
Islamic banks and Islamic Insurance companies in Qatar including Qatar
Islamic Insurance Company; and outside Qatar, including Dubai Islamic Bank in
the UAE, Investors Bank in Bahrain and the First Investment company in
Kuwait.

Sheikh Prof Ali Al Qaradaghi obtained bachelor’s degree in Shariah Law with
distinction in Baghdad in 1975. He received Master Degree in comparative
jurisprudence from Shariah college of University of Al-Azhar with distinction in
1980 and Ph.D in Shariah (with first class) from the University of Al-Azhar on the
topic of contracts and financial transactions in 1985.

SHEIKH PROF. DR. ABDUURRAHMAN AS-SANUSI

Prof of Algerian University and Member of Supreme Council of Islamic
Affairs
Sheikh Dr Abduurrahman As-Sanusi is currently a Professor of Algerian
University and the Head of Supreme Scientific Council of the faculty of Islamic
studies. Dr Abdurrahman as-Sanusi Member of Supreme Council of Islamic
Affairs, Algeria.

He obtained the bachelor degree from faculty of Shariah, Islamic university of

Madinah, master degree from Jinan University Lebanon and PhD in
international relations from Mosco State University, Russia.

He authored several books notably, ijtihad bi al-ra’y fi ‘asr al-khilafah

al-rashidah, I’tibar al-ma’alat wa mura‘at nata’ijat-tasarrufat, mura’at
al-khilaf, muqaddimah fi sina‘at al-hudud wa at-ta‘rifaat, tawdih al-sarf.

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DR ISMAIL KHALID HALITOGLU

Manager, Kuveyt Türk participation Compliance, Kuveyt Türk
Participation Bank Inc

Dr Ismail Khalid Halitoglu is currently the Director of the Shariah compliance

unit at Kuveyt. He served as Vice Chairman of the Shariah Committee and
Director of the Audit and Shariah Supervision Department at the same bank, as
well as Vice Chairman of the Shariah Board of Kuwait Turkish Bank in Germany.

In addition, he holds membership in various Shariah bodies of international

Islamic companies and banks, he holds several certifications in the field of
Islamic banking and training. These include a Shariah Auditor and Advisor
certificate issued by the Accounting and Auditing Organization for Islamic
Financial Institutions (AAOIFI), a certificate in Compliance and Shariah
Governance from the General Council for Islamic Financial Institutions (CIBAFI),
and an Islamic Specialist Certificate in Shariah Auditing from the same council
(CIBAFI).

He obtained a bachelor’s degree in Islamic law from the Faculty of Shariah at

the Islamic University of Madinah in 1995 and a master’s degree from Marmara
University in 2002. He earned a doctorate in jurisprudence and its principles
from Uludag University in Turkey in 2007.

He holds a Certified Trainer Certificate in Islamic Finance and an Islamic

Finance and Banking Specialist Certificate from Kuwait University. He has
published numerous articles in the field of Islamic finance and banking, both
locally and internationally. Additionally, he has participated in various local and
international conferences and workshops focused on Islamic banking and
finance.

SHEIKH PROF DR ABDULMAJEED MUHAMMAD AL-SOSWA

Professor at the Faculty of Shariah and Law, Sana’ University,
Chairman of the Sharia Supervisory Board at the International Islamic
Solidarity Bank

Prof Dr Abdulmajeed Muhammad Al-Soswa is currently a professor of Islamic

jurisprudence at the Faculty of Shariah and Law at Sanaa University. He serves
as the Chairman of the Shariah Supervisory Board at Tadhamon Islamic Bank.
In addition, he is a member of the Shariah Supervisory Board at the Bank of
Yemen and Kuwait.

He obtained his bachelor's and master's degrees from the Faculty of Sharia
and Law at Sana'a University. He received his PhD in Fiqh and Usul Fiqh from
the Faculty of Law at Cairo University.

He has authored about 13 books in Fiqh, Usul Fiqh and contemporary issues.
He has presented numerous articles in the field of Fiqh, Usul Fiqh, Maqasid
al-Shariah and Islamic commercial laws, both locally and internationally.
Additionally, he has participated in various local and international conferences
and workshops focused on Fiqh, contemporary Shariah issues and Islamic
finance.

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DR. SAMI IBRAHIM AL SUWAILEM

Acting Director General, Islamic Development Bank Institute

Dr. Sami Al Suwailem is currently the Acting Director General of the Islamic
Development Bank Institute (IsDBI) and Chief Economist, the Islamic
Development Bank Group, Jeddah, Saudi Arabia. Before joining IsDBI
previously known as IRTI in 2004, Dr. Al Suwailem managed the Research and
Development Centre at Al-Rajhi Bank, Riyadh, Saudi Arabia. He worked at the
Institute of Islamic and Arabic Sciences in America, Virginia; Southern Illinois
University Carbondale, Illinois, USA; and King Saud University, Riyadh, Saudi
Arabia.

Dr. Al Suwailem held membership in several professional committees,

including the Technical Committee of the Islamic Financial Services Board;
Economic Committee of Awqaf at the Ministry of Islamic Affairs in Riyadh;
Academic Committee in Islamic Fiqh Academy of Muslim World League;
Liquidity Risk Management Working Group at IFSB; and Task Force for Islamic
Finance and Global Financial Stability at IsDB, among others.

He obtained his M.A. from Southern Illinois University in 1990, and his Ph.D.
from Washington University, St. Louis, Missouri, in 1995. He authored many
books and published several papers on Islamic economics and finance.

PROF. DR. SAID BOUHERAOUA

Director, Research Development & Innovation (RDI), ISRA RMC,
INCEIF University

Professor Dr. Said Bouheraoua is currently a Professor and the Director of the
Research Development and Innovation Department at the ISRA Research
Management Centre, INCEIF University.

He is the editor-in-chief of ISRA International Journal of Islamic Finance

(Arabic); He was an Independent Board Member of Affin Islamic Bank; a
member of the Board Audit Committee of Affin Group; a member of the Board
Compliance Committee of Affin Group and ex-Chairman of Affin Islamic Bank
Bhd. He is a Shariah Advisory Board member of the Central Bank of Oman.

He is the Chairman of Shariah Committee of Sumitomo Mitsui Banking

Corporation Malaysia Berhad (SMBC), Trust Bank Amana Surinam and Sun
Trust Bank Nigeria Limited; He is a Shariah Advisory Board member of MNRB
Takaful & Retakaful; Subject matter expert of ISRA International Consulting
(IC).

Prof. Dr. Said B. has published many books, and chapters in books as well as
several articles in refereed journals. He has also presented several papers at
international conferences including the International Fiqh Academy of the
OIC and has conducted several trainings in Islamic banking and finance in
Malaysia and abroad.

15
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SHEIKH DR BASHIR ALIYU UMAR

Chairman, Financial Regulation Advisory Council of Experts, Central
Bank of Nigeria

Dr. Bashir Aliyu Umar OON, Engine Room of Non-Interest Banking and Finance
in Nigeria. He is currently the Deputy Chairman Financial Regulation Advisory
Council of Experts on Islamic Banking of the Central Bank of Nigeria
(FRACE-CBN) and a member of the Shariah Committee of the International
Islamic Liquidity Management Corporation (IILM), and a member of ISRA
Council of scholars all based in Malaysia.

Prior to this appointment, he served as the chairman of the Shariah Advisory

Committee of the Stanbic IBTC Bank Plc (Nigeria), and as a Consultant on
Islamic finance to the Financial System Strategy (FSS-2020) under the CBN,
before finally taking up appointment as a Special Adviser to the Governor of the
CBN on Non-interest Banking, which is his current job on secondment from the
Bayero University, Kano. He represents the CBN in the Technical Committee of
the Islamic Financial Services Board (IFSB) and is also the Chairman of the IFSB
Working Group for developing the standard on Risk Management for Takaful
(Islamic Insurance) Undertakings.

Dr Bashir was educated in Ahmadu Bello University, Zaria in Electrical

Engineering. He obtained his B.A., M.A., and PhD from the Islamic University of
Madinah, KSA in Hadith and Islamic Studies with specialization in Sciences of
Hadith. Dr Bashir served as Permanent Commissioner in the Kano State
Shariah Commission where he advised the Kano State Government on Shariah
related issues in governmental affairs and supervising the Government’s
Shariah implementation programme. He authored and presented several
papers in both national and international conferences within and outside
Africa.

SHEIKH PROF. DR. MOHAMMAD ABDUL RAZAQ AL-TABTABAE

Dean Faculty of Shariah, Kuwait University

Sheikh Professor Dr. Mohammad Abdul Razaq Al-Tabtaba‘ei is the former

President of Supreme Advisory Committee, the Supreme Consultative
Committee on the Implementation of the Provisions of the Islamic Law, Amiri
Diwan of Kuwait and the former Dean, Faculty of Shariah and Islamic Studies,
Kuwait University.

He is a member of the Shariah Board of the Ministry of Awqaf and Islamic

Affairs, Zakat House, A'ayan Leasing and Investment Company, a member of
Board of Trustee of Accounting and Auditing Organization for Islamic
Financial Institutions (AAOIFI), a member of Council of Scholars of
International Shariah Research Academy (ISRA) and several other Islamic
Financial Institutions. He was formerly a professor at the Kuwait Institute of
Judiciary Studies.

Dr. Mohammad received his Bachelor and Master of Shariah and

subsequently obtained a Ph.D. from the Imam Mohammed ibn Saud Islamic
University, Saudi Arabia.

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SHEIKH DR MOHAMED KARRAT

Prof of Fiqh in Qarawiyyin University and Shariah Consultant, Morocco

Sheikh Prof. Dr. Mohamed Karrat is currently Professor of Fiqh, Usul Fiqh and
Maqasid at Al Quarawyyine University in Fes, Morocco.

Sheikh Prof. Mohamed Karrat is the most outstanding Shariah scholar from Fes.
He is a Partner at Al Maali Islamic Finance Consulting. Before joining Al Maali,
Dr Mohamed held several senior academic and research positions in Islamic
jurisprudence in Awqafs (endowments) Ministry in the UAE before joining the
Fatwa Committee in Abu Dhabi where he oversaw Islamic financial and
commercial transactions. He was involved in the preparation of the UAE legal
framework for Waqf, Waqf products structuring for the Waqf ministry, Sukuk
research for the National Sukuks Company in UAE. Dr Mohammed Karrat is
certified as an Arbitrator for Islamic Finance Islamic IICRAA the (International
Islamic Centre for Reconciliation and Arbitration). He is also trainer of "Certified
Islamic Banker". Programme of CIBAFI. DR Karrat is currently Shariah Board
member in investment funds.

He obtained B.A. of Shariah and law from Al Azhar University in Egypt.

Postgraduate diploma of Shariah and law from Al Quarawyyine University in
Fes, Morocco. He holds a PhD of Shariah and law from the Faculty of Shariah at
Al Quarawyyine University in Fes and PhD OF Islamic finance from Faculty of
Art, University of Sayid Muhammad Ibn Abdullah in Fes.

PROF. DR. ENGKU RABIAH ADAWIAH

Deputy Chairman, SAC BNM and SAC SC Malaysia

Prof. Dr. Engku Rabiah Adawiah is currently the Deputy Chairman of Shariah
Advisory Council of Bank Negara Malaysia and the Securities Commission of
Malaysia. She is also a member of the Shariah Advisory Council for both the
Labuan Offshore Financial Services Authority (LOFSA) and the Employees'
Provident Fund (EPF).

She is also a Professor at the IIUM Institute of Islamic Banking and Finance
(IIiBF), International Islamic University of Malaysia (IIAM). In addition to
teaching, she is actively involved in consulting within the field of Islamic
finance, which provides her with extensive direct exposure to Islamic banking
and finance.

Her interest in waqf institutions is reflected in her role as a board member of

AWQAF Holdings and the Khadijah International Waqf Foundation.
Additionally, she was appointed as a member of the disciplinary committee of
the Malaysian Bar Council. In recognition of her contributions to global Islamic
finance, she was awarded the title of Individual Contributor Best in Islamic
Finance in both 2004 and 2014. As a pioneering woman in Shariah, she has
been recognized several times in the Influential Women category, including
being listed among the Top 10 Women in Islamic Finance and ranked as the
3rd Most Influential Woman in Islamic Finance in 2018 and 2nd in 2020.

She obtained her LLB (First Class Honours), LLB (Shariah) (First Class Honours),
and Master of Comparative Law (MCL) from IIUM. In 1998, she earned a PhD in
Law from the University of Aberdeen in the United Kingdom.

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SHEIKH PROF DR AZMAN BIN MOHD NOOR

Chairman Shariah Committee of Bank Rakyat

Prof Dr Azman bin Mohd Noor is currently the Chairman of Shariah Committee
of Bank Rakayat and Etiqa Takaful Etiqa Family & General Takaful Berhad. He is
an Independent Director, Etiqa Family Takaful Berhad on 15 June 2020. He is
also a former member of the Shariah Advisory Council of Securities
Commission Malaysia from 2012 to 2014. Currently, he serves as a member of
the Shariah Committee for several Islamic financial institutions. Currently, he
serves as a member of the Shariah Committee for several Islamic financial
institutions.

Prof Dr. Azman is also a Professor at the IIUM Institute of Islamic Banking and
Finance (IIiBF), International Islamic University Malaysia (IIUM). He was
previously the Deputy Dean (Academic and Student Affairs) of the IIiBF and
Head of Department of the Department of Fiqh and Usul al-Fiqh, Kulliyyah of
Islamic Revealed Knowledge and Human Sciences, IIUM.

He obtained his bachelor’s degree of Shariah in 1997 from the Islamic University
of Madinah, Saudi Arabia. He then received his Master of Arts (M.A.) degree in
Islamic Criminal Law in 2000 from Universiti Kebangsaan Malaysia (National
University of Malaysia) and another M.A. degree in Muamalat (Islamic Law of
Transactions) in 2001 at the Department of Fiqh and Usul al-Fiqh, IIUM. He
obtained his PhD in Islamic Law in 2005 at the University of Edinburgh,
Scotland.

His areas of interest include Islamic Law of Transactions, Islamic Banking and
Capital Market, Takaful and Retakaful, and Zakat Management and Calculation.
He has been supervising M.A. and PhD students in the field of Islamic Banking
and Capital Market at the Department of Fiqh and the Institute of Islamic
Banking and Finance, IIUM since 2006.

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PROFESSOR DR. M. KABIR HASSAN

Graduate Coordinator for Ph.D. Program in Finance, University of New
Orleans, New Orleans

Professor Dr. M. Kabir Hassan is a financial economist with consulting, research

and teaching experiences in development finance, money and capital markets,
Islamic finance, corporate finance, investments, monetary economics,
macroeconomics and international trade and finance. He provided consulting
services to the World Bank (WB), International Monetary Fund (IMF), Islamic
Development Bank (IDB), African Development Bank (AfDB), USAID,
Government of Bangladesh, Organization of Islamic Conferences (OIC), Federal
Reserve Bank, USA, and many corporations, private organizations and
universities around the world.

Prof. Dr. Hassan is the Full Professor of Finance and Hibernia Professor of
Economics and Finance and Bank One Professor in Business in the
Department of Economics and Finance at the University of New Orleans,
Louisiana, USA. Professor Hassan is the winner of the 2016 IDB Prize in Islamic
Banking and Finance. He has also received 2019 University of Louisiana System
Outstanding Faculty Member Award, 2019 UNO Research, Creativity and
Scholarly Career Award and 2018 UNO Gordon H “Nick” Mueller International
Leadership Medallion.

Prof. Dr. Hassan is the editor/co-editor of four Islamic Banking and Finance
Journals. He has more than 329 papers published/forthcoming in refereed
academic journals to his credit. He has supervised 62 doctoral theses and acted
as External examiners for 49 dissertations, and many of his students are now
well placed in the academia, government and private sectors.

Dr. Hassan has edited and published several books, and 4 books are
forthcoming in 2019 on the topics of emerging issues in Islamic finance in
Malaysia and Islamic corporate finance.

A frequent traveller, Dr. Hassan gives lectures and workshops in the US and
abroad and has presented over 408 research papers at professional
conferences and has delivered 184 invited papers/seminars. Dr. Hassan is the
current President of Southwest Finance Association (SWFA) Meetings.

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PROFESSOR DR. YOUNES SOUALHI

Senior Research Fellow, ISRA RMC, INCEIF University

Prof. Dr. Younes Soualhi is currently a Professor and Senior Research Fellow at
the ISRA Research Management Centre of INCEIF University. He is the Head of
Commission Research under Research Development and Innovation (RDI,
ISRA-RMC) Unit. He also teaches at the INCEIF University Malaysia. He is the
chairman of the Shariah Board of Alrajhi Bank (Malaysia) and Munich Re
Retakaful, the sole Shariah advisor for Kuwait Retakaful (Labuan, Malaysia), the
chairman of Shariah council of experts for Salam Takaful (Nigeria), a member of
Shariah Committee of HSBC Amanah Malaysia. He is also a member of Shariah
advisory council of Adengreen (Dubai) and Salihin Bhd Malaysia. He is a
registered financial planner (RFP, MFPC). He is also a member of AAOIFI
Shariah sub-committee. He served as a subject matter expert for Global Takaful
Survey (CIBAFI).

Having a teaching experience of 23 years, he taught many Islamic finance

subjects, including Takaful and retakaful courses at Masters and Phd levels. He
published many articles and Books in Islamic Banking and Finance, including
Takaful and retakaful. He got his B. A in Shariah from Emir Abdulqadir
University for Islamic Sciences in Algeria, and his M.A. &PhD from IIUM and UM
(Malaysia) respectively. He also holds a Diploma in Human Sciences.

SHEIKH PROFESSOR DR. MOHAMED ALI ELGARI

Chairman, Shariah Board, IsDB, IFSB & IILM, Shariah Board Member of
AAOIFI

Sheikh Professor Dr. Mohamed Ali Elgari is currently the Chairman, Shariah
Board, the Islamic Development Bank Group, the Islamic Financial Services
Board, the International Islamic Liquidity Management Corporation and the
Shariah Board Member of the Accounting and Auditing Organization for
Islamic Financial Institutions. Sheikh Prof. Dr. Elgari is also an advisor to
numerous Islamic financial institutions throughout the world and is notably
on the Shariah board of the Dow Jones Islamic index as well as a member of
the International Islamic Fiqh Academy of the Organisation of Islamic
Cooperation (IIFA-OIC).

He is a Professor of Islamic Economics and the former Director of the Centre

for Research in Islamic Economics at King Abdul Aziz University in Saudi
Arabia. Dr Elgari is the recipient of the Islamic Development Bank Prize in
Islamic Banking and Finance and holds the KLIFF Islamic Finance Award for
Most Outstanding Contribution to Islamic Finance (Individual).

He is a member on the editorial board of several academic publications in the

field of Islamic Finance and Jurisprudence, among them Journal of the
Jurisprudence Academy (of the IWL), Journal of Islamic Economic Studies
(IDB), Journal of Islamic Economic (IAIE, London), and the advisory board of
Harvard Series in Islamic Law, Harvard Law School.

Sheikh Prof. Dr Elgari completed his undergraduate studies at King Abdulaziz

University and holds a PhD in Economics from the University of California.

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DR. ABIDEEN ADEYEMI ADEWALE

Acting Assistant Secretary-General for Standard Implementation
Islamic Financial Services Board

Dr. Abideen Adeyemi Adewale is currently the Acting Assistant Secretary

General for Standards Implementation at the IFSB. His journey at the IFSB
began in April 2018 when he assumed the role of Lead Specialist for Research,
Publications, and Statistics. In this capacity, he oversaw research activities,
coordinated the publication of research papers, managed the flagship IFSB
Islamic Financial Services Industry (IFSI) Stability Report, and maintained the
Prudential and Structural Islamic Finance Indicators (PSIFIs) database, among
other technical responsibilities. Dr. Adewale brings to the IFSB a rich
background in academia, boasting 18 years of professional experience. Of these,
eight years were dedicated to serving as an Associate Professor of Finance at
the International Islamic University Malaysia (IIUM).

Prior to his academic tenure, he gained 10 years of valuable experience in

Nigeria, which included a brief stint in a stock broking firm, followed by a role as
a Lecturer at the Department of Accounting and Finance at the University of
Ilorin. Dr. Adewale's academic journey culminated in a Ph.D. in Business
Administration with a special specialization in Finance from IIUM, where he
also completed a post-doctoral fellowship. He holds an M.Sc. in Finance from
the University of Lagos, Nigeria, and a B.Sc. in Finance from the University of
Ilorin, Nigeria. In addition to his academic achievements, he possesses
numerous professional qualifications that further enrich his diverse skill set.

EN. MOHD HARIZ DAUD

Islamic Capital Market, Securities Commission Malaysia

En. Mohd Hariz Daud is currently Assistant General Manager Hariz Mohd Daud
from the Shariah Department, Islamic Capital Market Development, Securities
Commission Malaysia.

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UST MUHAMMAD IZZAM MUHAMMAD KHAZAR

Deputy Director, Islamic Finance Dept, BNM

Guided by his background in Shariah and Islamic Finance, Ust. Izzam Khazar
emerge into his role in Central Banking and Public Policy as Deputy Director
and Shariah Specialist at Bank Negara Malaysia.

His story goes in his works in crafting policies and decisions paving the way for
a better Islamic financial ecosystem together with his years of humble journey
in the atmosphere of Islamic solutions as AVP Shariah for Noor Investment
Group, Dubai, United Arab Emirates (overseeing Noor Bank, Noor Takaful,
Noor Trade and Noor Awqaf) while being the Advisor to Bena Capital,
California, United States, Head of Shariah Centre of Excellence at Maybank
Islamic Malaysia and Head of Shariah Advisory at Al Rajhi Bank Malaysia. He
recently appointed at Malaysian Institute of Accountants as the member of
Islamic Finance Committee.

Since his first footstep in Islamic economy and finance, he has led numbers of
Shariah audit exercise in Malaysia and UAE and conducted hundreds of
training sessions and lectures across the globe including United Arab
Emirates, Malaysia, India, United Kingdom, Germany, Morocco, Saudi Arabia,
Singapore and Indonesia.

Leveraging on the Islamic tradition (turath) and practical lessons from

corporate world in advising and supervising various product (treasury, retails,
corporate and capital market) Ust Izzam made a seamless transition to the
world of central banking policy making and strategic planning for nation
building.

Ust. Izzam received his Master in Islamic Banking, Finance and Management
from University of Gloucestershire, United Kingdom after completing his
degree in Shariah from Al Azhar University, Egypt, Usul Fiqh postgraduate in
Syria and Diploma in Shariah from Sultan Zainal Abidin Islamic College,
Malaysia. He recently completed his certificate in Public Policy from London
School of Economics and Political Science and Economics for Public Policy
from Blavatnik School of Government, University of Oxford.

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ASSOC. PROFESSOR DR. SAID ADEKUNLE MIKAIL

Assoc. Professor, ISRA RMC, INCEIF University

Dr Said Adekunle Mikail is currently an Associate Professor at ISRA Research

Management Centre of INCEIF University.

He is an AAOIFI Certified Shariah Advisor and Auditor (CSAA) and a Registered

Shariah Adviser with Securities Commission of Malaysia (SC), a Member of
Chartered Institute of Arbitrators (CIArb) UK and Member of AAOIFI Working
Group of the Curriculum Review Committee (CRC).

He is Shariah Board Member of Islamic Development Bank (IsDB) in Jeddah,

Saudi Arabia, and Islamic Financial Services Board (IFSB) in Malaysia. Dr Mikail
is Chairman in several Shariah Boards including among others BNP Paribas
(Najmah) Malaysia Berhad & BNP Paribas Labuan, Crown Takaful Insurance
Ltd, Capital Trust and D'Namaz Capital in Nigeria. He also sits as Shariah
Committee Member of TAJBank Ltd, PruBSN Takaful Malaysia Berhad,
i-Consult Africa in South Africa, Masryef Management House in Malaysia, and
Marble Capital Halal Commodity in Nigeria.

His notable engagements include Expert Witness in the Kuala Lumpur High
Court (Muamalat Court – Commercial Division) in Malaysia, BNM-ISRA-RMC on
compounding profit in restructuring and rescheduling (R&R), Shariah
Non-Compliance Rectification, Tawarruq Application, PIDM-ISRA-RMC
Shariah Analysis on Resolution of Islamic Banks, Lafarge Cement Global
Wakalah Sukuk by BNP Paribas and Standard Chartered, Musharakah
Ta'awuniyah Takaful Model for Hong Leong MSIG Takaful (HLMT), UNHCR ISRA
Zakat Report, Sukuk Module for Brunei Institute of Leadership & Islamic
Finance (BILIF) and Shariah Audit Review on Al Rajhi Bank in Malaysia.

Dr Mikail obtained his bachelor's degree of Shariah (first class honours) from
Islamic University of Madinah in Kingdom of Saudi Arabia, followed by Master
of Comparative Law and PhD (Law) from International Islamic University
Malaysia (IIUM). His areas of specialization include Islamic finance, Islamic
social finance, comparative laws, and Islamic private equity & venture capital.
His publications focus on Shariah issues in Islamic finance, Islamic legal
theory, Islamic private equity & venture capital, Islamic entrepreneurship,
comparative law, Halal, Zakat, Waqf and Islamic social finance. He has also
published in several Scopus indexed journals, referee journals, magazines, and
book chapters.

He has conducted trainings on Shariah governance, Shariah noncompliance

risks, Takaful products and services, as well as Islamic wealth management,
Sukuk, Shariah risk profiling and legal and regulatory framework for Islamic
finance. He has presented many papers in both international and national
seminars and conferences on Islamic finance and contemporary Shariah
issues.

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Micro-
Certification JANUARY,

Course JUNE,
SEPTEMBER
INTAKES

What are Micro-Certification?

Micro-certifications are short, competency-based courses that allow learners to
demonstrate mastery in a particular area. Choose those that interest you and
complete them when and how you choose.

MICRO-CERTIFICATION FROM MBA (SUSTAINABLE BUSINESS)

The INCEIF Micro-Certification from MBA (Sustainable Business) is a face-to-face program that
provides learners with the opportunity to interact with seasoned industry leaders, focusing on
the practical aspects of sustainable business.

MICRO-CERTIFICATION FROM EXECUTIVE MASTERS IN ISLAMIC FINANCE

The INCEIF Micro-Certification from the Executive Masters in Islamic Finance is a fully online
program that provides you with: flexible study hours, 24/7 access to learning materials, online
tutorials through webinars, a comprehensive online library and resources, knowledge spanning
international borders without visa requirements, online student support and advisory services,
and the opportunity to network with other INCEIF students across the globe.

Scan here
ENROL inceif.edu.my/academic-programmes
to find out more

NOW

For enquiries, contact [email protected]

inceif.edu.my @INCEIF
Professional
Certification JANUARY,
Programme JUNE,
SEPTEMBER
INTAKES

Why Professional Certificate?

Change presents an opportunity to take one’s career in a new direction, ensuring
continued growth and long term success.

PROFESSIONAL CERTIFICATE PROFESSIONAL CERTIFICATE

FROM MBA (SUSTAINABLE BUSINESS) IN ISLAMIC FINANCE

The face-to-face programme is designed for The flexible online programme is designed
working professionals seeking to explore their for working professionals seeking to explore
niche in a particular area of the industry: a career in Islamic finance in a particular
Sustainability and Innovation, Finance and area of the industry: Islamic Banking,
Analytics, Sustainable Organisation, Takaful & Wealth Management, Capital
Entrepreneurship for Halal Enterprise and Market, Shariah, Shariah Audit &
Economics Policy. Compliance.

Scan here
ENROL inceif.edu.my/academic-programmes
to find out more

NOW

For enquiries, contact [email protected]

inceif.edu.my @INCEIF
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a gift now
A Little Contribution Can’t Change The World but It
Can Change Someone’s World
▪ The endowment is perpetual (the amount of donation is retained)
▪ Only the return from the investment will be used for the beneficiaries

The beneficiaries:
01
Scan
STUDENT SCHOLARSHIP to Donate
Assist deserving students to pursue INCEIF
programmes irrespective of nationality, race
and gender.

RESEARCH
Enrich Islamic Finance knowledge through applied 1
industry-focussed research & development to ent fund
f endowm
maintain a consistent stream of new knowledge incei
and products that fulfil industry needs.
*Receipt is upon request.

ACADEMIC CHAIR
Enable experts and academicians to conduct
advanced research, teach students and mentor
other academics among others.
or
02
INFRASTRUCTURE
Boost operational and student capacity to enhance
student life experience on campus.

▪ Contribution of RM1,000 or less will be channelled into one of

the four options above and other endowment programmes as
deemed fit by INCEIF.

inceif.edu.my/ief
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*For Malaysian, your donation is eligible for TAX DEDUCTION under Section 44(11C)
of the Income Tax Act 1967 (Reference: MOF.TAX.700-3/1/186(13)

[email protected] / [email protected] +6013 282 0224 (Wan Arif Wan Ahmad)

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