Shari’ah Advisory Committee (SAC) of BML Islamic consists of renowned international and local scholars who provide continued support and supervision, and have a permanent check on contracts, transactions, and procedures. The committee members are:
Sheikh Mahomed Shoaib Omar (Chairman)
Sheikh Mahomed Shoaib Omar has studied the authoritative works of fiqh (Islamic Jurisprudence and Law), across the four authoritative Sunni schools of fiqh, and has specialized in Fiqh Al Muqarin (comparative analysis between Islamic and secular law), and the application of fiqh to contemporary situations and Islamic commercial and financial transactions. He has been guided by his revered teacher, the distinguished jurist, Mufti Taqi Usmani, over the years, in relation to the solution of complex issues, in the field of Islamic Finance. He completed his LLB at the University of Kwazulu/Natal in 1979 and studied Arabic and Islamic Law under Mufti Taqi Usmani in 1982, who is one of the top Shari’ah Advisors in the industry. He was also a student of Qadhi Mujahidul Islam, the founder of the Islamic Fiqh Academy of India. In 1995, he was granted right of appearance in the High and Constitutional courts of South Africa.
Sheikh Mahomed Shoaib Omar serves as a member of the Shari’ah Board of Albaraka Bank SA. He practices as an attorney and has authored over ten books and numerous articles in Islamic Law and Commerce. He has been with BML Islamic since January 2013 as a member and the Chairman of the Shari’ah Advisory Committee. He was reappointed for a 4th term on 31st January 2020.
Asst Professor Dr. Ziyaad Mahomed
Dr. Ziyaad Mahomed holds a PhD from International Centre for Education in Islamic Finance (INCEIF), BA (Hons) Business (Finance) from Anglia Ruskin University, United Kingdom, and MBA from MANCOSA, Republic of South Africa. He is also a CIFP and Certificate in Islamic Law holder from INCEIF and University of KwaZulu-Natal, Durban, respectively.
During Dr. Ziyaad Mahomed’s career, he has gained experience in almost all sectors in the Islamic finance & investment industry including Sukuk, regulatory frameworks, Takaful modelling, Private Equity Fund Structuring and Risk Management. He has trained and advised financial institutions in more than 15 countries including Austria, Ethiopia, Mauritius, Nigeria, Oman and South Africa. Since 2006, he has also consulted and/or trained more than 7,000 Finance Professionals and Islamic Scholars in most disciplines within the Islamic Finance sector in Africa, Europe and the Middle East. In addition to Shari’ah advisory, he has extensive experience in regulatory frameworks for Islamic banking, Takaful and Islamic capital markets in Africa. He is also the recipient of numerous global awards for his unique Islamic social finance – fintech modelling techniques which are being tested in South East Asia and Africa. He is an ardent researcher in the field of Islamic jurisprudence and finance, accredited with a number of publications on various topics in the sector.
Dr. Ziyaad Mahomed currently works as an Associate Professor at INCEIF, Malaysia. He also serves as the Chairman of HSBC Amanah Shari’ah Committee since 2017. He has been with BML Islamic since January 2013 as a member of the Shari’ah Advisory Committee. He was reappointed for a 4th term on 31st January 2020.
Sheikh Mufti Yusuf Suliman
Sheikh Mufti Yusuf Suliman is one of the few Scholars in South Africa accredited by AAOIFI as Shari’ah Advisor and Auditor. He also holds Certificates in Qadha (adjudication) from Jamiatul-Imaam, Riyadh, Saudi Arabia, and Imarat Shari'ah, Patna, Bihar, India, and has completed Iftaa (issuance of verdicts) at Darul Uloom Zakariyya, Lenasia, South Africa. He developed the Islamic Banking training material for all South African Banks, having been contracted by BANKSETA.
Sheikh Mufti Yusuf Suliman previously served on the Shari’ah Boards of the Momentum Investment Cluster including RMB and Advantage. He serves as Head of Shari'ah for Standard Bank. He also served in this capacity for Barclays Africa Islamic banking. He was also appointed as Acting Managing Director of Absa Islamic Banking in 2013. He serves on the Shari’ah Boards of the Element Investment Managers, Alexander Forbes, Shari'ah Investments Ltd (Malawi), Takaful Africa and Melville Douglas. He is also a consultant to numerous Islamic Financial Institutions including FNB Securities and Investec Bank. He has been with BML Islamic since January 2013 as a member of the Shari’ah Advisory Committee. He was reappointed for a 4th term on 31st January 2020.
Al-Usthaza Aishath Khaleela Abdul Sattar
Uza. Aishath Khaleela Abdul Sattar holds Master of Comparative Laws, from IIUM, Malaysia, and a Bachelor of Arts in Islamic Studies and a Post Graduate Diploma in Professional Teaching, from United Arab Emirates University, UAE. She is also a certified narrator of Hadith including Sahih Al-Bukhari and Al-Muwaththau of Imaam Maalik and Arba’een An-Nawawiyya, which were awarded by Al-Muhadhith Dr. Ali bin Hussain Al-‘Aaidhi Al-Thoonisi.
She has more than 15 years of experience in teaching Shari’ah related subjects in schools, colleges and Universities, in Maldives. As a state licensed Islamic Preacher, she has been active in the field of da’wa since 1999. She is also a state licensed Legal Practitioner since 2006. She has served as a Vice Chancellor at Islamic University of Maldives and Acting Chairperson at IUM Holdings Pvt from 2018 to 2019. She has served as a Graduate Research Assistant at the Office of the Deputy Rector Internationalization and Global Network, IIUM from 2016 to 2018. She has published academic papers in the fields of Islamic jurisprudence and Islamic Finance on International Journals and presented them in International Conferences.
Currently Uza. Aishath Khaleela services as a Senior lecturer at Faculty of Shari’ah & Law of Villa College, Maldives, where she teaches Shari’ah Subjects such as (Islamic Legitimacy Policy, Islamic Jurisprudence, Principle of Islamic Jurisprudence and etc.) in undergraduate and postgraduate programs. She was appointed to the committee on 2nd March 2020.