Shariah Committee of HSBC Amanah Malaysia Berhad

In line with Bank Negara Malaysia's guidelines on Shariah Governance for Islamic Financial Institution, the current Scholars appointed are:

• Assoc Prof Dr Ziyaad Mahomed
• Dr Aida binti Othman
• Dr Mohamed Ashraf bin Mohamed Iqbal
• Dr Muhammad Syahmi Mohd Karim
• Aminuddin Abu Bakar

• Dato’ Prof Dr Ahmad Hidayat Buang

Assoc. Prof. Dr. Ziyaad is a member of the Shariah Committee with effect from 02 January 2017, and the Chairman of Shariah Committee since February 2017. He, a South African Islamic Finance Scholar, has consulted and advised financial institutions and regulators in Islamic finance, regulation, social finance, fintech and Islamic law for almost 25 years. He is currently the Lead Researcher (Shari’ah) at Centre of Excellence in Islamic Social Finance at INCEIF University and former Associate Dean of E-Learning and Director of Executive Education at INCEIF University. Dr. Ziyaad holds a PhD in Islamic Finance from INCEIF, BA (Hons) Business (Finance) from Anglia Ruskin University, United Kingdom, and a Chartered Islamic Finance Professional (CIFP) holder from INCEIF. He also holds an MBA and Certificate in Islamic Law from The Management College of Southern Africa (MANCOSA) and University of Kwazulu Natal, South Africa, respectively. Dr. Ziyaad serves as Chairman and member of several Shariah Advisory Boards of Islamic banks, fintechs and takaful companies internationally.

Dr. Aida is a member of the Shariah Committee with effect from 01 April 2017. She is currently a Partner at Messrs. Zaid Ibrahim & Co. since 2008 and Shariah Advisor for ZICO Shariah Advisory Services Sdn Bhd. She specializes in Islamic banking and finance, Islamic capital market instruments and takaful products and operations. She also advises financial institutions on Shariah compliance and governance, including on the legal and regulatory framework for Islamic finance. Dr. Aida holds a PhD in Comparative Law & Middle Eastern Studies from Harvard University, a Masters of Law from University of Cambridge and a Bachelor of Laws and Bachelor of Islamic Law (Syariah) (both with First Class Honours) from International Islamic University Malaysia (IIUM). Dr. Aida is the Advocate and Solicitor at High Court of Malaya and serves as a member of Shariah Advisory Committee of Permodalan Nasional Berhad (PNB) and ASNB and AmMetLife Takaful Berhad.

Dr. Ashraf is a member of the Shariah Committee with effect from 01 January 2018. He is a Founder of MindSpring Sdn Bhd, an advisory firm that he started in 2005 specializing in business performance solutions focusing on knowledge-based organizations. He is also the Chairman of Waafi Bank Ltd, the virtual global Islamic bank established in 2020. Dr. Ashraf was appointed as a Non-Executive Director for HSBC Amanah Malaysia Berhad for ten years and was an Independent Non-Executive Director of Bank Pembangunan and Chairman of Pembangunan Leasing and Credit. He holds a Bachelor of Science in Mechanical Engineering, Masters in Business Administration from California State University, United States of America, and a Postgraduate Diploma in Islamic Studies from IIUM. He subsequently obtained his doctorate in Islamic Finance from INCEIF in 2016. Dr. Ashraf completed the ICA Certificate in Money Laundering (Distinction) from the University of Manchester, Alliance Manchester Business School, Manchester, England in 2022. He participated in the Business Sustainability Management Program, University of Cambridge Institute for Sustainability Leadership, Cambridge, England in 2019 and the 8th Asean Senior Management Development Program, Harvard Business Alumni Club of Malaysia in 2017.

Dr. Syahmi is a member of the Shariah Committee with effect from 01 January 2020. He is the Deputy President Operations at INCEIF University. He has vast experience in various capacities in banking services locally and internationally for the past 23 years. Prior to his role in INCEIF University, he was the Deputy CEO/ Senior Consultant at ISRA Consulting and was the Global Lead Islamic Finance Specialist, Islamic Development Bank (IsDB) Group in Saudi Arabia, with the main task to provide advisory service and technical assistance to IsDB member countries and non-member countries in establishing Islamic finance enabling environment. He was also involved in projects as an external expert for Islamic finance field for the International Monetary Fund based in Washington DC. He was also a member of Islamic Financial Services Board (IFSB) working group member in developing standards on Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukûk and Islamic Collective Investment Schemes). Prior joining the IDB, he was with the Bank Negara Malaysia (Central Bank of Malaysia) for 15 years mainly in Banking Supervision Department with his last position as the Head of Shariah Risk Section, Specialist Risk Unit. He graduated with a Bachelor’s Degree in Accounting from International Islamic University, Malaysia and received his master of science degree in Finance (Islamic Finance) and awarded with a best student award from the same university. Subsequently he obtained his Ph.D in Islamic banking and finance from Durham University, United Kingdom. He is a Chartered Accountant of the Malaysian Institute of Accountants an Associate Member of Certified Institute of Management Accountants (CIMA) United Kingdom, CPA Australia and Association of Shariah Advisors in Islamic Finance (ASAS) respectively.

Encik Aminuddin is a member of the Shariah Committee with effect from 01 January 2022. He is currently the Principal Consultant, S Tradition, a boutique consultancy firm in Islamic Finance and Halal industry, the Board member of Pergas Investment Holdings and the Shariah Committee Member of Financial Shariah Advisory & Consultancy (FSAC) in Singapore. He was part of the senior management team for Kuwait Finance House Malaysia (KFHMB), having served as Vice President and Head of its Shariah Division. He is a certified Shariah Advisor and Auditor (CSAA) by Auditing and Accounting Organization for Islamic Financial Institutions (AAOIFI) and a Member of the Association of Shariah Advisors in Islamic Finance (ASAS), having completed their Certified Shariah Advisor (CSA). He was awarded Master of Business Administration with distinction from University of Strathclyde, UK, and an Honours Bachelor’s Degree in Comprehensive Study of Shariah Islamiyyah (Islamic Jurisprudence) from Al-Azhar University (Cairo). He has nearly 20 years of working experience in the areas of Shariah, Islamic Finance and socio-religious development.

Dato’ Prof. Hidayat is a member of the Shariah Committee with effect from 14 August 2023. Currently, he is an Honorary Professor at the Shariah and Law Department, Academy of Islamic Studies, University of Malaya, Malaysia and Chairman of Shariah Supervisory Council at Amanah Raya Berhad. Prior to joining HSBC Amanah, he served as the Chairman of Shariah Advisory Board of Bank Islam Malaysia Berhad and Shariah Committee member of other Islamic Banks and Takaful companies. He has conducted various research, authored books, and made journal entries on Shariah, and has also presented at various local and international conferences. Dato’ Prof. Hidayat had been teaching at the Department of Shariah and Law, Academy of Islamic Studies, University of Malaya since 1987 both at postgraduate and undergraduate levels. He studied at University of Malaya and received Bachelor in Shariah (Islamic Law) in 1987. He obtained his Master of Law (LLM) in 1989 and PhD in 1996 at the School of Oriental and African Studies, University of London. United Kingdom. He is an Accredited mediator from Australian Accord Group (2018) and certified Shariah Advisor from ASAS (2022). He is a qualified Shariah Legal Counsel in the Federal Territory Shariah Courts and Serves.

• Shariah Committee's Terms of Reference (PDF)