Our Shariah Adviser

Name: IBFIM (Company No. 763075-W)

Registered Address:
No: 149A, 149B, 151B
Persiaran Raja Muda Musa
42000 Port Klang
Selangor Darul Ehsan

 
Business Address:
3rd Floor, Menara Takaful Malaysia,
Jalan Sultan Sulaiman,
50000 Kuala Lumpur
Malaysia

Telephone number: 03-2031 1010
Facsimile number: 03-2078 5250
Email Address: info@ibfim.com
Website: www.ibfim.com

IBFIM has been appointed as the Shariah adviser for the United Islamic Cash Fund ("Fund"). IBFIM will counsel the mechanism of the operations of the Fund’s activities to ensure that the operations of the Fund comply with Shariah requirements. 

IBFIM was incorporated as a company limited by guarantee and not having share capital in Malaysia under the Companies Act, 1965 on 15 February 2007. IBFIM is registered with the SC to act as a Shariah adviser for Shariah-compliant collective investment schemes and sukuk issuance. IBFIM is also involved in numerous Shariah-compliant private mandates as well as the Shariah adviser for Islamic REITs and Islamic asset management houses. As at 13 April 2018, IBFIM has 134 funds under its supervision. 

Profile of the Shariah Team

Haji Azizi Che Seman(Chairman, IBFIM Shariah Committee)
Haji Azizi Che Seman is currently a senior lecturer at the Department of Shariah and Economics, Academy of Islamic Studies, University of Malaya, a position he has held since 2002.  He has been appointed as the Chairman of IBFIM Shariah Committee effective on October 2017. He is also the Chairman of the Shariah Committee of Bank Muamalat Malaysia Berhad and the Chairman of the Shariah Advisor of AIBIM. In terms of qualification, he holds a Master Degree in Economics from International Islamic University of Malaysia in 2001 and a Bachelor of Shariah from University of Malaya in 1996. His specialisation areas are in Islamic Capital Market, Islamic Economics, Fiqh Muamalat and Islamic Research Methodology.
 
Dr. Ahmad Zakirullah Bin Mohamed Shaarani  (Managing Advisor (Shariah))

 

Dr. Ahmad Zakirullah is a member of Shariah Committee of the United Overseas Bank Malaysia Berhad.  He joined IBFIM in February 2008.  He is responsible in providing Shariah input on the advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market and Shariah-compliant funds.  Prior to joining IBFIM, he served at University Sains Islam Malaysia and PTPL College.  He obtained his Diploma of Shariah Islamiyyah (Hons) from Higher Institute of Islamic and Arabic Language (MADIWA), Perak, Bachelor of Shariah Islamiyyah (Hons) Degree from Al-Azhar University, Egypt, Master’s Degree (Hons) of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia and Doctor of Philosophy of Usul al-Fiqh from University of Malaya.  He is the designated person responsible for Shariah matters related to the Shariah-compliant funds management-related activities. 
 

Amanie Advisors Sdn. Bhd.(Company No. 684050-H )

Registered Office: 
Amanie Advisors Sdn. Bhd.
Unit 11-3A, 3rd Mile Square, No. 151, Jalan Klang Lama, 
Batu 3 1/2, 58100 Kuala Lumpur

Business Address:
Amanie Advisors Sdn Bhd  
Level 33, Menara Binjai, No.  Jalan Binjai
Off Jalan Ampang, 50450 Kuala Lumpur

Telephone number: +603-21818228
Facsimile number: +603-21818219
Website:www.amanieadvisors.com

Amanie Advisors Sdn Bhd (''Amanie'') has been appointed as the Shariah adviser for the United Islamic Cash Management Fund ("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 Securities Commission Malaysia. 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. 

The company 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 (7) full-time consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education.

Amanie meets every quarter to address Shariah advisory matters pertaining to its Shariah funds.


Experience in Advisory and Services
Since 2005, Amanie has acquired thirteen (13) years of experience in the advisory role of unit trusts and as at 31 March 2018 there are more than 150 funds which Amanie acts as Shariah adviser.

Roles and Responsibilities of the Shariah Adviser

The roles of Shariah Adviser are:

(1) To ensure that the Fund is managed and administered in accordance with Shariah principles.
(2) To provide expertise and guidance in all matters relating to Shariah principles, including on the Fund's Deed and Prospectus, its structure and investment process, and other operational and administrative matters.
(3) To consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.
(4) To act with due care, skill and diligence in carrying out its duties and responsibilities.
(5) Responsible for scrutinizing the Fund's compliance report as provided by the compliance officer and investment transaction reports provided by, or duly approved by, the Trustee to ensure that the Fund's investments are in line with Shariah principles.
(6) To prepare a report to be included in the Fund's interim and annual reports certifying whether the Fund have been managed and administered in accordance with Shariah principles for the period concerned.


Profile of the Shariah Team

The designated person responsible for Shariah advisory matters of the Fund is Datuk Dr. Mohd Daud Bakar as the Chairman. Other consultants are:

(1) Amran Ibrahim
(2) Erna Salihuddin

The Consulting Team

Datuk Dr. Mohd Daud Bakar
Shariah Adviser


Datuk Dr. Mohd Daud Bakar is the Founder and Executive Chairman of Amanie Group. One of its flagship companies namely Amanie Advisors, is operating in 8 cities globally. He currently serves as the Chairman of the Shariah Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia and the Labuan Financial Services Authority. He is a Shariah board member of various global financial institutions, including the National Bank of Oman (Oman), 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. 

In the corporate world, he sits as a Board Director at Sime Darby Berhad and a member of the PNB Investment Committee. He is also the third Chair Professor in Islamic Banking and Finance of Yayasan Tun Ismail Mohamed Ali Berdaftar (YTI) PNB at Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM).

In 2016, he received the “Award of Excellence for Outstanding Contribution for Shariah Leadership & Advisory” at London Sukuk Summit Awards and “Shariah Adviser Award” at The Asset Triple A Islamic Finance Award. In 2014, he received the “Most Outstanding Individual” award by His Majesty, the King of Malaysia, in conjunction with the national-level Prophet Muhammad’s birthday.  Under his leadership, Amanie Advisors received the “Islamic Economy Knowledge Infrastructure Award” at the Global Islamic Economy Summit, Dubai 2015, by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Oct 2015.

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. 

His publications include articles in various academic journals and presentations of more than 150 papers in both local and international conferences. His first book entitled “Shariah Minds in Islamic Finance: An Inside Story of A Shariah Scholar” has won the “Islamic Finance Book of the Year 2016” by the Global Islamic Finance Award (GIFA).  

Amran Ibrahim 
Consultant


Amran Ibrahim is the Consultant within Amanie Advisors, based in Kuala Lumpur office. As part of the Amanie Advisors Global office team, his primarily focus are on advising and delivering project for various Islamic financial services across the globe on their strategic issues and on Shariah-compliant product and instruments ranging from capital market, funds management, private equity, banking products across the corporate, commercial and consumer banking space amongst others. 

Amran has over 13 years of experience in Financial Advisory, specializing in areas of Islamic capital market, corporate banking, trade finance and product development. He has also been involved in numbers of advisory engagement for various Islamic financial institutions and regulators. This includes transfer and servicing of financial assets, conversion exercises, Shariah monitoring and compliance review for various clients including financial institutions and global asset management companies.

Amran expertise lies in the innovation in a product development and understanding business deal advisory involving big corporate by providing practical solutions and advices to clients in a consulting project through analysis of data, communication and understanding client’s objectives.


Erna Salihuddin
Consultant

Erna holds a Master degree of Islamic Finance Practise (MIFP) from International Centre for Education in Islamic Finance University (INCEIF) and obtained her Bachelor of Management Information System (Hons) from International Islamic University (IIUM), Malaysia. Erna has over 13 years of experience in the area of Islamic finance, business advisory, strategic planning and banking operations.  Erna joined Amanies Group in 2015 mainly involved with business advisory before joining Shariah advisory team in 2018. Prior to joining Amanie, Erna was attached to Bank of Tokyo Mitsubishi UFJ (Malaysia) (BTMUM) Islamic Banking department mainly involved in the establishment of Islamic Banking Window and the inaugural issuance of the first Japanese Yen Sukuk. 

Prior to joining BTMUM she had a stint in Strategy and Portfolio department, EVP Office of Exploration & Production with Petroliam Nasional Berhad (Petronas) where she was involved in strategic planning of the exploration and production of the oil and gas industry for Malaysia. She started her career in banking since 2004 with HSBC, UOB Bank and PT. Bank Muamalat Indonesia (M’sia).





Back to Top