Shariah Advisors

Growing Your Investments in a Changing World
Shariah Advisers

Amanie Advisors Sdn Bhd
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 Adviser 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 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 every quarter to address Shariah advisory matters pertaining to our Islamic funds. Since 2005, Amanie has acquired twelve (12) years of experience in the advisory role of unit trusts and as at 31 December 2018 there are more than 170 funds which Amanie acts as 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 Deed and Information Memorandum, 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.

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. Ahmad Anas Fadzil

 


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 Kuala Lumpur 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 14 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 include 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.

Ahmad Anas Fadzil
Consultant

Ahmad Anas Fadzil is a consultant with Amanie Advisors, based at the head office in Kuala Lumpur. As part of Amanie Advisors’ global team, his primary focus is on advising and delivering projects for various Islamic financial services across the globe on their strategic issues and on Shariah-compliant products and instruments. Prior to joining Amanie Advisors, he was attached with Sigur Ros for Turkey's Project of Century: Turkish Republic North Cyprus Water Supply Project where he had been assigned as the project accountant based in Turkey.

Prior to that, he was an auditor with Ernst & Young, attached to global financial services department, engaged in performing auditing work for the financial institutions. Ahmad Anas holds a Master of Islamic Finance (MSc) from the Global University of Islamic Finance (INCEIF), and is an accounting graduate from MARA University of Technology (UiTM) and holds a professional certification of Certified Islamic Public Accountant (CIPA) from Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI). He speaks English, Bahasa Malaysia and Turkish.