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Our Shariah Board

Ensuring our contracts are compliant with Islamic rules is of utmost importance to us. In developing Ijarah Finance, we sort the expertise of a Singaporean-based Financial Shariah Advisory and Consultancy firm (FSAC). FSAC is an independent organisation with a team of Shariah scholars and industry experts on their board.

The experts at FSAC combine the Shariah knowledge of local and international scholars with the market knowledge and expertise of practitioners from various fields such as banking, finance, management, engineering, architecture and other sciences.

FSAC assists financial institutions, investment funds, advisory firms, SMEs, businesses and corporations in structuring and developing holistic shariah-compliant, sustainable, and ethical business models, and investment and corporate structures that may be adopted globally across Muslim minority or Muslim majority countries. 

Our residential, commercial, low doc, lease doc, rural and construction finance products are all certified as Shariah compliant.

Board Members

Ustaz Mohamad Hasbi Bin Hassan
(Advisor)

Ustaz Mohamad Hasbi Bin Hassan is currently the President of Pergas Singapore which he has served since 1986. In addition, he is also a MUIS Council Member (Majlis Ugama Islam Singapura translated to Islamic Religious Council of Singapore), a Fatwa Committee Member, Co-Chairman of the Religious Rehabilitation Group and Asatizah Recognition Board Member. Ustaz Mohamad Hasbi Bin Hassan received the MUIS Jasa Cemerlang Award in 2019 and 2 highly prestigious awards in 2018; the Meritorious Service Medal awarded from the President, this is regarded as one of the highest possible awards for a public servant for their contributions to the nation; and MUIS50 Distinguished Award which distinguishes those individuals who have contributed to MUIS and the community in general in the last 50 years. In 2010, Ustaz Mohamad Hasbi Bin Hassan was awarded the Public Service Star.

 

Ustaz Pasuni Bin Maulan
(Advisor)

Ustaz Pasuni Bin Maulan is the Chairman of Tentera-Di-Raja Mosque and has been since 1998. He is the former President of the Syariah Court. Ustaz Pasuni Bin Maulan is the current Chairman of Madrasah Aljunied Management Committee, a Muis Council Member, a MUIS Board of Governors for the Madrasah Member and Vice-Chairman of the Asatizah Recognition Board. He received MUIS50 Distinguished Award in 2018 and in 2016 he received a Public Service Medal. In addition, Ustaz Pasuni Bin Maulan was awarded the Commendation Medal in 2003 for his commendable performance and conduct, or significant efficiency, competence and devotion to duty as a Registrar for the Registry of Muslim Marriages.

Prof Dr Hikmatullah Babu Sahib
(Advisor)

Prof Dr Hikmatullah Babu Sahib is a visiting Professor at College of Islamic Studies, Prince of Songkhla University, Pattani Campus, Thailand. He is the leading Shariah Advisor of Standard Chartered Saadiq, Malaysia and has been since 2005. Prof Dr Hikmatullah Babu Sahib was recently involved in a Semantic Project for Islamic Banking and Finance Education by Ministry of Science, Technology and Innovation (MOSTI), Malaysia. Prof Dr Hikmatullah holds B.A. (Islamic Studies & Law) and M.A. (Islamiyyat) from University of Peshawar, PhD (Islamic Jurisprudence) from University of Edinburgh and Postdoc. Fellow (Islamic Metaphysics) from Yale University.

 

Mr Azman Ismail
(Advisor)

Mr Azman Ismail has been a part of the Islamic Finance industry since  1985. Mr Ismail provided training and consultancy services in Malaysia, Singapore, Indonesia, Saudi Arabia, Qatar and Brunei. He is an external lecturer for the Master in Islamic and Finance (MIBF) program at the Institute of Islamic Banking and Finance (IIBF), International Islamic University Malaysia (IIUM). He has been commissioned by the International Centre for Education in Islamic Finance (INCEIF). He has also been consulted by the International Shariah Research Academy for Islamic Finance (ISRA). Furthermore,  Mr Azman Ismail was a Member of the Information Panel, Amanah Raya, the Public Trustee of Malaysia and is a Shariah Advisor to four financial institutions.

 

Dr. Shamsiah Bte Abdul Karim
(Advisor)

Dr. Shamsiah Bte Abdul Karim is currently the Chief Executive Officer and Director of Pergas Investment Holdings. She was the former Senior Vice-President at Bank Muamalat Malaysia Bhd overseeing the Shariah & Product Development Division. In addition, Dr. Shamsiah Bte Abdul Karim is the former Chief Executive Officer of Albukhary Foundation and former Deputy Director of Asset Development at Muis. She is listed as the top 20 most influential women in Islamic Finance by Cambridge IFA. The Efficiency Medal which was inaugurated in Singapore in 1969, was awarded to Dr. Shamsiah in 2001 in recognition of her exceptional efficiency or exceptional devotion to duty or for work of special significance.

If you would like more information about our Board, please call us on 1300 452 724.

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