Shariah Adviser

Shariah Adviser Appointed For DMP & PAXJI : Amanie Advisors Sdn Bhd (”Amanie”)

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

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 six (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 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 with more than 200 funds which Amanie acts as Shariah adviser [1].

Roles and Responsibilities of AA as the Shariah Adviser

The roles and responsibilities of Amanie as the appointed Shariah Adviser for the Fund are as follows:

Roles and Responsibilities of AA as the Shariah Adviser (continued)

  1. To ensure that the Fund is managed and administered in accordance with Shariah principles. The Shariah Adviser will meet with the Manager once every quarter to discuss Shariah matters relating to the Fund.
  2. To provide expertise and guidance in all matters relating to Shariah principles, including the Fund’s deed and the 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 report 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 has been managed and administered in accordance with Shariah principles for the period concerned.
[1] As at 31 October 2019, Amanie acts as Shariah Adviser to 120 Islamic funds
Datuk Dr. Mohd Daud Bakar
Shariah Adviser / Executive Chairman

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 few cities globally. He currently serves as the Chairman of the Shariah Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, Yayasan Pembangunan Ekonomi Islam Malaysia (YaPEIM), the Labuan Financial Services Authority and the First Abu Dhabi Bank.

He is also a Shariah board member of various global financial institutions,  including the National Bank of Oman (Oman), Amundi Asset Management  (France), Bank of London and Middle East (London), BNP Paribas Najma (Bahrain), Guidance Financial (USA), Salama Insurance (Dubai), Natixis Bank (Dubai), Oasis  Asset Management (South Africa), Noor Islamic Bank (Dubai), Bank al-Khayr  (Bahrain), Morgan Stanley (Dubai), Franklin Templeton (Kuala Lumpur and  Luxembourg), Sedco Capital (Saudi and Luxembourg), Cagamas Berhad (Malaysia), S & P Islamic Index and Dow Jones Islamic Market Index (New York) amongst  many others.

In July 2019, he has just been appointed as the 8th President of the International Islamic University of Malaysia (IIUM) due to his vast skill and experience serving the university. His last post there was as the Deputy Vice-Chancellor before.

In the corporate world, Datuk sits as a Board Director at Sime Darby Property Berhad and a member of the PNB Investment Committee. He was recently appointed as a Chairman to Malaysia Islamic Economic Development Foundation (YaPEIM). 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 addition, he is the co-founder of Experts Analytics Centre Sdn Bhd and MyFinb.

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.

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 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) 2016. Then, his book on sukuk entitled “An Insightful Journey to Emirates Airline Sukuk: Pushing The Boundaries of Islamic Finance” has also won the “Best Islamic Finance Case 2017” by the GIFA 2017 in Kazakhstan.

Suhaida Mahpot
Chief Executive Officer

Suhaida Mahpot is the Chief Executive Officer for Amanie Advisors in Kuala Lumpur office. She joined Amanie in 2008 and was amongst the pioneers in the company. She is a specialist in sukuk advisory and has been partnering with Datuk Dr Mohd Daud Bakar for the last 10 years to advise numerous sukuk locally and internationally.

One of the sukuk advised by her has been awarded as Best Securitisation Sukuk at The Asset Triple A Islamic Finance Award (2017). Apart from sukuk advisory, her primarily focus is on Shariah governance, structuring, enhancement and conversion exercises, establishment of Islamic financial entities as well as development of Islamic products. She holds a Bachelor of Economics (Islamic Economic & Finance) from International Islamic University Malaysia, and currently pursuing MSc in Islamic Finance with INCEIF. Her career in banking & financial industry started as a trainee under Capital Market Graduated Trainee Scheme organized by the SC.

Prior to joining Amanie, she worked with Affin Investment Bank Bhd since 2006 as an executive for debt & capital markets department. She completed various project financing deals using private debt securities instruments ranging from infrastructure & utilities, real estate, plantation and many others.

Nurul Liyana Kasman
Consultant

Nurul Liyana Kasman is a Consultant at Amanie Advisors Kuala Lumpur, Malaysia. She holds Master of Science in Finance from International Islamic University of Malaysia (IIUM) and graduated with a Bachelor of Business Administration (HONS) Islamic Banking from Universiti Teknologi Mara (UiTM).

Previously, she was positioned at Amanie Global Technology Sdn Bhd where she was exposed in the market research and evaluation of modules for Islamic core banking system. She started her career in February 2015 with Amanie Nexus Sdn Bhd and involved in assisting investors and fund managers to search, identify and monitor Shariah compliance stock for investment related decision before joining Amanie Advisors in 2017.

Muhammad Hafizuddin Abd Hamid
Assistant Consultant

Muhammad Hafizuddin is an Assistant Consultant at Amanie Advisors Kuala Lumpur, Malaysia.  He graduated with a Bachelor of Business Administration (Hons.) Islamic Banking from Universiti Teknologi Mara UiTM. Previously, he was internship trainee where he was exposed to the financial and Shariah advisory services such as Shariah stock screening, monitoring and compliance review to various clients including financial institutions and global asset management companies He then started his career in Amanie Advisors Sdn Bhd in December 2018.

Note: With effect from 19 September 2018, Amanie Advisors Sdn Bhd (”Amanie”) has been appointed as the new Shariah Adviser, replacing the outgoing Shariah Adviser – IBFIM.