Shariah Adviser

BIMB Securities Sdn Bhd (“BIMB Securities”) has been appointed as the Shariah Adviser for BIMB Investment,15 funds and private mandate managed by BIMB Investment. BIMB Securities provides Shariah advisory services on the management and operations of the Company and funds to ensure the business, operations and affairs of the Company and funds comply with Shariah requirements.

BIMB Securities is a Participating Organisation (PO), which carries on the business of dealing in securities and recognised by Bursa Malaysia Berhad (Bursa) pursuant to the Rules of the Exchange.
BIMB Securities is a full-fledged shariah compliant stockbroking company, providing an avenue for investors to invest in Shariah Compliant listed companies which are based on the List of Approved Shariah Compliant Securities by the Shariah Advisory Council of the Securities Commission (SC).

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.

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Ir. Dr. Muhamad Fuad Abdullah
Shariah Personnel
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Nurul Aqila Sufiyah Lokman
Shariah Personnel
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Ir. Dr. Muhamad Fuad Abdullah

Shariah Personnel

Dr. Muhamad Fuad is the designated person in-charge of all Shariah matters in BIMB Securities.

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).

Dr. Muhamad Fuad holds a

  • Bachelor of Science Degree in Electrical Engineering, University of Southampton, England in 1977;
  • Master of Philosophy Degree in Electrical Engineering, University of Southampton, England in 1982;
  • Bachelor of Arts (Jayyid) Degree in Shariah, University of Jordan in 1994; and a
  • Doctor of Philosophy in Muslim Civilization, University of Aberdeen, Scotland in 1996. 
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Nurul Aqila Sufiyah Lokman

Shariah Personnel

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. 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.

Nurul Aqila holds a Bachelor of Islamic Revealed Knowledge and Heritage in Fiqh and Usul al-Fiqh from the International Islamic University of Malaysia.