Board of Directors

Maybank Islamic Asset Management Sdn. Bhd. ("Maybank Islamic AM")

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Dato’ Rafique Merican
 
Director

Dato’ Rafique is Maybank Islamic Berhad and Group Head of Islamic Banking since 1 July 2016. He joined Maybank Group in 2012 as its Group Chief Financial Officer and is also a member of the Maybank Group Executive Committee. He has more than 25 years of experience in the corporate sector, including five years as Chief Financial Officer of Tenaga Nasional Berhad and Malakoff Berhad. Prior to that, he served at Radicare (M) Sdn Bhd, a facilities management concessionaire for hospitals in Malaysia as Chief Operating Officer and Chief Executive Officer. He also worked with Amanah Capital Group and Bumiputera Merchant Bankers Berhad in corporate finance and advisory roles. His recent appointments include Non-Independent Non-Executive Director of Etiqa Takaful Berhad and Member of Etiqa Insurance Berhad Investment Committee. Dato’ Rafique was also the President Commissionaire of PT Bank Maybank Syariah Indonesia from 2013-2016.

Dato' Rafique is a fellow of the Association of Chartered Certified Accountants (ACCA) UK; Chartered Accountant, Malaysian Institute of Accountants and underwent the Advanced Management Programme at Harvard Business School. He is a member of the Malaysia Accounting Standards Board; Malaysia Advisory Committee of ACCA Malaysia and CNBC Global CFO Council.

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Badrul Hisyam bin Abu Bakar
 
Director
Badrul Hisyam bin Abu Bakar was appointed as Regional Head, Investment Management of Maybank Kim Eng Group effective 1 March 2021. He previously served as the Chief Executive Officer of Maybank Asset Management Group from 25 April 2018. He is also a Non-Independent Non-Executive Director of Maybank Asset Management Singapore, which he was appointed to on 1 April 2020.

Badrul has over 25 years of experience in numerous asset management companies such as HLG Asset Management Sdn Bhd, Commerce Asset Fund Managers Sdn Bhd, Avenue Asset Management Sdn Bhd, Tune Money Capital Sdn Bhd and BIMB Investment Management Berhad. His experience covers both traditional and shariah/ethical mandates and he has worked on both sides of the business - retail and institutional. At CIMB-Principal Asset Management Bhd, he was heavily engaged in the restructuring and rehabilitating of portfolios. Prior to joining Maybank AM, he was the Chief Investment Officer of BIMB Investment Management Berhad.

He graduated from New York University, USA with a Bachelor of Science, majoring in Finance and Economics in 1996.
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Nadjihah Mohd Dzaiddin
 
Executive Director

Nadjihah was appointed as the Officer-In-Charge of Maybank Islamic Asset Management (MIAM) on 1 April 2022. She is also the Chief Commercial Officer and the Executive Director of MIAM since 7 May 2015 and 1 November 2021 respectively. Prior to that, she headed the investment team at MIAM as the Chief Investment Officer. She joined Mayban Investment Management (later changed to Maybank Asset Management) in 2004 as a fund manager and later became the Head of Equities (Non Insurance). For over 25 years, she has accrued experience in fund management, managing primarily equities and balance funds for pension funds, unit trust funds, corporates and institutions as well as high net worth individuals.

Nadjihah started her investment career at RHB Research Institute as an equity analyst in 1994 and then moved on the fund management side in 1998. She was attached with Affin Fund Management as a fund manager until early 2004. She graduated from University of Nottingham with B.A. Law (Hons) and received her Certificate in Legal Practice in 1994. She is a holder of CMSRL license.

Management Team

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Nadjihah Mohd Dzaiddin
 
Officer-In-Charge & Chief Commercial Officer

Nadjihah was appointed as the Officer-In-Charge of Maybank Islamic Asset Management (MIAM) on 1 April 2022. She is also the Chief Commercial Officer and the Executive Director of MIAM since 7 May 2015 and 1 November 2021 respectively. Prior to that, she headed the investment team at MIAM as the Chief Investment Officer. She joined Mayban Investment Management (later changed to Maybank Asset Management) in 2004 as a fund manager and later became the Head of Equities (Non Insurance). For over 25 years, she has accrued experience in fund management, managing primarily equities and balance funds for pension funds, unit trust funds, corporates and institutions as well as high net worth individuals.

Nadjihah started her investment career at RHB Research Institute as an equity analyst in 1994 and then moved on the fund management side in 1998. She was attached with Affin Fund Management as a fund manager until early 2004. She graduated from University of Nottingham with B.A. Law (Hons) and received her Certificate in Legal Practice in 1994. She is a holder of CMSRL license.

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Muhammad Riduan Jasmi
 
Chief Investment Officer

Muhammad Riduan Jasmi was appointed as Chief Investment Officer of Maybank Islamic Asset Management (MIAM) on 6 September 2021. He is responsible for overseeing investments across asset classes together with a team of fund managers at MIAM with their respective responsibilities to manage and monitor investments, in particular, managing pension and institutional funds.

He was formerly the Director of Equities at CIMB-Principal Asset Management and prior to that, Head of Shariah and Takaful Investment at Great Eastern Life Malaysia and also Chief Investment Officer of Muamalat Invest.

Riduan has 20 years of experience in fund management, insurance, and government-linked investment companies with strong research and investment skills in managing multi types of mandates.

He holds a Bachelor of Science Degree majoring in Business and Economics from the Lehigh University, Pennsylvania USA, and is a holder of the CMSRL license.

Shariah Advisors

Maybank Islamic Berhad's Shariah Committee

Maybank Islamic Asset Management Sdn Bhd (MIAM) has appointed Maybank Islamic Berhad as the Shariah Advisor for all Shariah matters pertaining to Islamic fund management business.

Members of the Shariah Committee of Maybank Islamic Berhad are:

Maybank Islamic Berhad Shariah Committee Members

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Assoc. Prof. Dr. Aznan Hasan
Associate Professor, IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia

He was appointed as the Chairman of the Shariah Committee on 1 May 2014 and a Non-Independent Non-Executive Director 25 April 2019 at Maybank Islamic.

Dr Aznan received his first degree in Shariah from the University of al-Azhar and a Master's degree in Shariah from Cairo University with distinction (Mumtaz). He then obtained his PhD from the University of Wales, Lampeter, United Kingdom.

Currently, he is the Deputy Chairman of the Shariah Advisory Council of Securities Commission, a member of Board of Trustee at Yayasan Pembangunan Ekonomi Islam Malaysia (YaPEIM), a Board member of Higher Shari'ah Authority of UAE Central Bank, and a Shariah Board member of Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”). He had served as a member of the Shariah Advisory Council of Bank Negara Malaysia (2006-2008 and 2010-2013).

Dr Aznan also serves as a member of the Shariah Advisory Boards of Sedania As-Salam Capital Sdn Bhd, ABSA Islamic Bank (South Africa), FNB Bank (South Africa), Yasaar Limited (London), HSBC Amanah (Dubai), and Standard Chartered (Global).

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Ustaz Mohd Kamal bin Mokhtar
 
Judge, Shariah Appeal Court of Singapore
He was appointed as a member of the Shariah Committee of Maybank Islamic on 1 September 2015.
His recent research relates to the practical applications of the concepts of istijrar, tawarruq, sukuk forms, the Islamic rules of exchanges applicable to sukuk, and global capital markets rules.

He graduated from the National University of Singapore (NUS) with a B.Sc. in Zoology and Botany. He obtained his Diploma in Arabic Language from the Islamic University of Medina (Saudi Arabia). Proceeded in Faculty of Hadith and graduated with BA (Hons.) in Hadith and Islamic Studies. Additionally, he graduated from Shari'a Advisory Training Program jointly conducted by Singapore Islamic Scholars & Religious Teachers Association (PERGAS) and International Institute of Islamic Finance (IIIF). He holds a Master of Science (Finance) from the International University of Malaysia (IIUM). He is the Chairman of Bedok Cooperative and a Board member of Warees Halal Limited. He serves as a Shariah Committee member for Basil fund, a private Real Estate Investment fund based in Singapore since 2012 and Shariah Advisor at Ar Rahnu Singapore. Additionally, Ustaz Kamal serves as an associate member of the Singapore Council of Fatwa to discuss contemporary matters concerning the general Muslim public in Singapore and a member of Asatizah Recognition Board (ARB) Committee of Future Asatizah of MUIS and PERGAS.
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Dr. Akhtarzaite Abdul Aziz
 
Assistant Professor, Department of Fiqh and Usul Al-Fiqh, International Islamic University Malaysia (IIUM)
Dr Akhtarzaite Abdul Aziz was appointed as the Member of Shariah Committee with effect from 1st March 2020.

She is an Assistant Professor at the Department of Fiqh and Usul Al-Fiqh, International Islamic University Malaysia (IIUM).

She received her Bachelor's degree in Law in 1994 and subsequently Bachelor's degree in Shariah a year later in 1995. She then obtained her Master's degree in Fiqh and Usul Al-Fiqh in 2000 and followed-by PhD in Fiqh and Usul Al-Fiqh in 2015, all from International Islamic University Malaysia (“IIUM”).

Currently, she is the Chairman of Great Eastern Takaful Berhad and serves as a member of Shariah Advisory Committee of IIUM Endowment Fund 
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Dr. Nik Abdul Rahim Nik Abdul Ghani
 
Senior Lecturer, Faculty of Islamic Studies at University Kebangsaan Malaysia
Dr Nik Abdul Rahim was appointed as a member of the Maybank Islamic Berhad Shariah Committee with effect from 8 September 2020.

He is a senior lecturer at the Research Centre for Shariah, Faculty of Islamic Studies at Universiti Kebangsaan Malaysia (UKM).

Dr Nik Abdul Rahim received his bachelor's degree in Shariah from Islamic University of Medina in 2003 and master's degree in Shariah from UKM in 2009. He then obtained his PhD in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF) in 2017.

Currently, he serves as a member of the Shariah Advisory Body of Syarikat Takaful Malaysia Keluarga Berhad, Jawatankuasa Perundingan Hukum Syarak Wilayah Persekutuan - Pejabat Mufti Wilayah Persekutuan, Syariah Advisory Panel of Wasiyyah Shoppe Berhad and Shariah Committee of UKM.
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Associate Professor Dr Sharifah Faigah Syed Alwi
 
Senior Lecturer, Arshad Ayub Graduate Business School and the Faculty of Business and Management, Universiti Teknologi MARA
Associate Professor Dr Sharifah Faigah Syed Alwi was appointed as a member of Shariah Committee with effect from 1 May 2021.

She is a senior lecturer and the Deputy Dean of Research, Publication, Consultancy and Student Development at Arshad Ayub Graduate Business School, Universiti Teknologi MARA.

She received her bachelor's degree in Shariah (Economics) and her master's degree in Shariah (Islamic Banking) from the University of Malaya in 1995 and 2004 respectively. She then obtained her Doctor of Philosophy degree in Islamic Banking and Finance from the International Islamic University Malaysia in 2012.

Previously, Dr Sharifah Faigah was a Shariah Committee member at Export-Import Bank of Malaysia Berhad and United Overseas Bank (Malaysia) Bhd. Currently, she is the panel of assessor of Malaysian Qualifications Agency to ensure the quality of the Islamic banking and finance program offered by the universities in Malaysia. At the same time, she is appointed as the visiting professor, external advisor and external examiner for Islamic banking and finance program for a few public and private universities in Malaysia, Indonesia and Saudi Arabia.
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Ustaz Muhammad Ali Jinnah Ahmad
Ustaz Muhammad Ali Jinnah bin Ahmad was appointed as a member of Shariah Committee with effect from 1 May 2021.

He holds a Bachelor in Islamic Jurisprudence (Fiqh wa Usul) from Al al-Bayt University, Jordan in 2002 and Master in Islamic Management, Banking and Finance at Loughborough University, UK in 2004. He is currently pursuing his PhD at International University of Malaya-Wales.

Ustaz Muhammad Ali started his career as a lecturer at Kolej Universiti Islam Antarabangsa Selangor (KUIS) and later joined International Shari'ah Research Academy for Islamic Finance (ISRA) as a researcher from 2009 to 2017. He was the Chairman of Shariah Committee at BNP Paribas Malaysia Berhad and BNP Paribas Labuan Branch. He also served as the Chairman of Shariah Committee and Independent Non-Executive Director at HSBC Amanah Takaful Malaysia Berhad.

Currently, he is an Independent Non-Executive Director and the Chairman of Shariah Committee at FWD Takaful Malaysia Berhad.


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