BIMB Securities Sdn Bhd (“BIMB Securities”) has been appointed as the Shariah Adviser for the Funds. BIMB Securities will provide Shariah advisory services on the management and operations of the Funds to ensure the operations of the Funds comply with Shariah requirements.
As the Shariah Adviser for the Funds, the role of BIMB Securities is to ensure that the investment operations and processes of the Funds are in compliance with Shariah requirements. BIMB Securities will review the Funds’ investments on a monthly basis to ensure Shariah compliance and it also reviews the quarterly, semi-annual and annual reports of the Funds, where required. Notwithstanding the role played by the Shariah Adviser, the ultimate responsibility for ensuring Shariah compliance of the Funds in all aspects of operations and processes rests solely with the Fund Manager.
Ir. Dr. Muhamad Fuad bin Abdullah
Dr. Muhamad Fuad is the designated person in-charge of all Shariah matters in BIMB Securities.
He graduated with a Bachelor of Science Degree in Electrical Engineering in 1977 and a Master of Philosophy Degree in Electrical Engineering in 1982, both from the University of Southampton, England. He also obtained a Bachelor of Arts (Jayyid) Degree in Shariah from the University of Jordan in 1994 and a Doctor of Philosophy in Muslim Civilization from the University of Aberdeen, Scotland in 1996.
He is a registered individual Shariah adviser with the SC. He is the chairman of the Shariah Supervisory Council of Bank Islam Malaysia Berhad. He sits on the Shariah Advisory Committee of BIMB Securities and the Shariah committee of AIA-Public Takaful Berhad.
He is also the non-executive chairman of Gagasan Nadi Cergas Berhad and a board member of Universiti Tun Abd Razak Sdn Bhd (UniRAZAK).
Nurul Aqila Sufiyah binti Lokman
Nurul Aqila joined BIMB Securities as the Shariah Executive in March 2020. She was later promoted as the Acting Head of Shariah Section effective 1st April 2023. She is also the Joint Secretary of the Shariah Advisory Committee of BIMB Securities.
Nurul Aqila holds a Bachelor of Islamic Revealed Knowledge and Heritage in Fiqh and Usul al-Fiqh from the International Islamic University of Malaysia.
Currently, she is assisting in providing Shariah inputs for the advisory, consultancy and research functions relating to the Islamic capital market products including Islamic collective investment schemes.