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Penasihat Syariah

Profile of the Shariah Adviser

IBFIM has been appointed as the Shariah Adviser for the 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.

General Information of IBFIM

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.

Experience in Advisory and Services

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 31 January 2017, IBFIM has total staff strength of 93 employees and has 128 funds under its supervision.

Roles and Responsibilities of IBFIM as the Shariah Adviser

As the Shariah Adviser, the role of IBFIM is to ensure that the operations and investments of the fund are in compliance with Shariah requirements. The Shariah Adviser reviews the fund’s investments on a monthly basis to ensure compliance with Shariah requirements at all times and advise on the fund’s compliance with Shariah requirements. Final responsibility for ensuring Shariah compliance of the fund with Shariah requirements in all relevant aspects rests solely with the Manager.

In line with the Guidelines, the roles of IBFIM as the Shariah Adviser are:

1) Ensuring that the Shariah-compliant unit trust fund (“the fund”) are managed and administered in accordance with the Shariah principles;

2) Providing expertise and guidance for the fund in all matters relating to Shariah principles, including on the fund’s deed and information memorandum, its structure and investment process, and other operational and administrative matters;

3) Consulting the SC who may consult the Shariah Advisory Council of the SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process;

4) Scrutinising the fund’s compliance report as provided by the compliance officer, transaction report provided by or duly approved by the trustee and any other report deemed necessary for the purpose of ensuring that the fund’s investments are in line with the Shariah principles;

5) Preparing a report to be included in the fund’s quarterly and annual report certifying whether the fund have been managed and administered in accordance with the Shariah principles;

6) Ensuring that the fund comply, with any guideline, ruling or decision issued by the SC, with regard to Shariah matters;

7) Vetting and advising on the promotional materials of the fund;

8) Assisting and attending to any ad-hoc meeting called by the SC and/or any other relevant authority.

Profile of the Shariah Team

IBFIM’s Shariah team consists of the following personnel:

Dato’ Mohd Bakir Bin Haji Mansor

Chairman, IBFIM Shariah Committee 

Dato’ Mohd Bakir is a member of the Shariah Advisory Body of Syarikat Takaful Malaysia Berhad and sits on the Shariah Panel Committee of Amanah Ikhtiar Malaysia.   

Prior to joining IBFIM, Dato’ Mohd Bakir was the Shariah Coordinator at Bank Islam Malaysia Berhad (“BIMB”) and then the Secretary of the Shariah Advisory Council of BIMB, from 1984 to 2001. Previously, he served at the National Council for Islamic Religious Affairs in the Prime Minister's Department for 10 years from 1971. He was also a Chief Assistant Director at the Islamic Research Centre for 4 years from 1981. He holds a Shahadah Ulya from Kolej Islam Malaya.

Dato’ Mohd Bakir was awarded “Anugerah Maulidur Rasul 1434H/2013M” by the government of Malaysia for his services in the Islamic finance industry.

Ahmad Zakirullah Bin Mohamed Shaarani

Managing Advisor (Shariah)

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 (Honours) from Higher Institute of Islamic and Arabic Language (MADIWA), Perak, Bachelor of Shariah Islamiyyah (Honours) Degree from Al-Azhar University, Egypt and Master’s Degree (with Honours) of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia.  He is the designated person responsible for Shariah matters related to the Shariah-compliant funds management-related activities.

Mohd Asyraf Bin Sharunudin

Consultant (Shariah)

Mohd Asyraf Sharunudin became a member of the Shariah Business Advisory team of IBFIM from November 2014. He is responsible in providing input on the advisory, consultancy and research functions with regard to Islamic banking, takaful, Islamic capital market and Shariah-compliant unit trust funds. A graduate of the International Islamic University Malaysia in Bachelor of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) (with Honours) Degree, his career started with the attachment to Shariah Department of Bank Muamalat Malaysia Berhad to deepen and strengthen the Shariah Research Unit for the banking sector. He was also experienced Islamic Capital Market Graduate Training Scheme under the Securities Commission to sharpen the knowledge in the said sector.

At present, he is pursuing his Master’s Degree (with Honours) of Islamic Revealed Knowledge and Heritage (Fiqh and Usul al-Fiqh) from the International Islamic University Malaysia. He also serves as secretary as well as member of IBFIM Internal Shariah Committee (IISC). He is the designated person responsible for Shariah matters related to the Shariah-compliant funds management-related activities.

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