Shariah Advisor: Amanie Advisors

BackgroundAmanie Advisors

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 eight (8) fulltime consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education. Since 2005, Amanie has acquired fourteen (14) years of experience in the advisory role of unit trusts and as at 31 January 2019 there are more than 170 funds which Amanie acts as Shariah adviser.

 

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Profile of the Shariah Team

The designated persons responsible for Shariah advisory matters relating to Saturna Sdn Bhd's fund is Datuk Dr. Mohd Daud Bakar. Other consultants for SSB fund is Ainul Azura Zakiyudin and Siti Nurah Haron. Profile of the Shariah team are as below:

 

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 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 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 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. His new released 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.

 

Ainul Azura Zakiyudin

Ainul Azura Zakiyudin is the Chief Operating Officer of Amanie Advisors Kuala Lumpur, Malaysia office. She holds Bachelor of Law (Honours), MARA University of Technology Malaysia and was admitted to Malaysian BAR as an Advocate and Solicitor of the High Courts of Malaya in 2000.

Azura joined Amanie Advisors (Kuala Lumpur) in 2013 and has been involved in various product structuring, development and enhancement of Shariah compliant products. She has also involved in providing Shariah advisory services for issuance of sukuks, conversion exercises, establishment of Islamic financial business, establishment of Shariah compliant products for non-financial business, Shariah monitoring and compliance review for financial institutions and asset management companies. Prior to joining Amanie, Azura was an in-house legal adviser in PLUS Expressways Berhad (PLUS), where she received wide exposure in corporate legal work and involved directly in the issuance of several sukuks, restructuring of sukuk and other corporate exercises initiated by the company.

 

Siti Nurah Haron

Siti Nurah Haron is a Consultant with Amanie Advisors, based at the Head Office in Kuala Lumpur. She is responsible for providing a wide array of Shariah advisory and consultancy services to diverse groups of clients including financial institutions, asset management companies, regulatory bodies, corporate firms and other stakeholders in different regions of the world. She has advised on various Islamic banking and capital market products including retail, corporate, treasury, structured products, sukuk and many more. 

Prior to joining Amanie Advisors, Nurah gained industrial exposure as a Unit Head of Shariah Review for Investment Banking at RHB Banking Group. She has over 4 years’ hands-on experience in Shariah Review, specializing in areas of Islamic capital market and corporate banking. She previously completed the Islamic Capital Market Graduate Trainee Scheme under the Securities Industry Development Corporation (SIDC) and obtained Dealer’s Representative Qualification after completing the Licensing Module 6 and 7 from the Securities Commission Malaysia (SC). 

She holds Master of Science in Islamic Banking and Finance from the International Islamic University Malaysia (IIUM) and two degrees, namely, Bachelor of Science (Hons) in Economics and Bachelor of Science (Hons) in Islamic Revealed Knowledge and Heritage from the same university.