The Shariah Adviser
(With reference to Shariah-based funds)
Islamic Banking and Finance Institute Malaysia Sdn Bhd (IBFIM) was incorporated as a private limited liability company in Malaysia under the Companies Act, 1965 on 13 April 1995.
IBFIM’s establishment is in line with Malaysia’s target to become a regional and international centre of Islamic finance. IBFIM promotes and facilitates the understanding and appreciation of the philosophy and principles of Islamic financial system. IBFIM is registered with the SC to act as a Shariah Adviser for Shariah-based collective investment schemes and sukuk issuance. IBFIM is also involved in numerous Shariah-based private mandates as well as the Shariah Adviser for prominent Islamic REITs.
IBFIM’s paid-up capital is RM10,000,001.00. As at 30 June 2010, IBFIM has total staff strength of 8 employees, and has 61 funds under its supervision.