CIPFA

Shariah board

The Shariah Advisory Board appointed by SWIP is responsible for providing guidance and advice on compliance with Islamic principles. The board currently comprises the current member:

Sheik Nizam Yaquby is a member of the Shariah Committee for several Islamic financial institutions. He has received an MSc in Finance (Canada) and is based in Bahrain. He has been a Professor of Tafsir, Hadith and Fiqh in Bahrain since 1976 and is the author of several articles and publications on Islamic finance in English and Arabic.

Dr Muhammed Imran Ashraf Usmani holds a PhD in Islamic Finance. He has also obtained degrees in Islamic Jurisprudence from Karachi. Dr Usmani is a faculty member of the Jamia Darul Uloom, Karachi and the Institute of Business Administration (IBA), Karachi as well as the author of various books on Shariah.

Mufti Abdul Kadir Barkatullah is the Imam at the North London Finchley Mosque. He acquired a Mufti (diploma) in Islamic law and Fazil (Bachelor of Islamic studies) from the Islamic University, India. He also works as a supervisor at the Islamic helpline for Fatwa and as a presenter at Vectone Urdu.

Mufti Muhammad Nurullah Shikder is a Barrister at Law. He received a LLB (Hons.) degree from London Guildhall University. He deals with reviewing and drafting Shariah documents and advises individuals and businesses on general Islamic finance.

The Shariah board will issue an annual compliance report regarding SWIP’s adherence to the Islamic Investment Guidelines in respect of the Fund which will be published in the Fund’s annual report.

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