Shariah Adviser

The Shariah Adviser for BOSWM MY's Islamic funds is BIMB Securities Sdn Bhd (BSSB).

BSSB is a stockbroking subsidiary of Bank Islam Malaysia Berhad incorporated on 21 February 1994 and is licensed by the Securities Commission Malaysia (SC). The corporate mission of BSSB is to be an active participant in a modern, innovative and dynamic Islamic capital market of Malaysia, catering for the needs of all investors, Muslims and non-Muslims, looking for Shariah-compliant investment products and services.

BSSB is registered with the SC to act as a Shariah adviser for Islamic products and services regulated by the SC, which include Islamic collective investment schemes. BSSB is independent from BOSWM MY and does not hold office as a member of the committee undertaking the oversight function of the BOSWM MY’s Islamic funds or any other funds managed and administered by BOSWM MY. Currently, BSSB is a corporate Shariah adviser to 100 Islamic funds including two (2) Islamic real estate investment trusts.


Profiles Of The Shariah Personnel

Ir. Dr. Muhamad Fuad bin Abdullah (Dr. Muhamad Fuad)

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

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 and the Chairman of Shariah committee of AIA-Public Takaful Berhad. He sits on the Shariah Advisory Committee of BSSB.

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)

Nurul Aqila joined BSSB as the Shariah Executive in March 2020. She was later promoted as the Acting Head of Shariah Section effective 1 April 2023. She is also the Joint Secretary of the Shariah Advisory Committee of BSSB.

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 involved in providing Shariah inputs for the advisory, consultancy and research functions relating to the Islamic capital market products including Islamic collective investment schemes.