SHARIAH ADHERENCE
Strategically positioned to have access to the wealth of funding from Islamic states as well as to be able to service investors who need to observe Shariah laws, AEPim is one of the few investment firms in the region with Shariah capabilities that ensure our practices uphold Shariah laws.
All investment strategies developed and managed comply with the requirements of Shariah investment principles covering the asset class, usage and tenancy profile, including ownership and financing structures. Working closely with Shariah scholars appointed by our financing banks and institutions, our qualified personnel provides us with internal resources to undertake Shariah structuring reviews. This expands our access to Shariah equity and debt capital on multi-border and multiple jurisdiction sources.
We hold strong preferences for commercial properties: office and retail (controlled activities), business parks and industrial assets; and residential properties including serviced apartments. For the sake of compliance, we typically avoid hotels, places of entertainment, and leisure assets.
SHARIAH COMMITTEE
AEPim’s independent Shariah Committee is responsible for approving Shariah Guidelines and confirming the compliance of the Funds’ investments, as well as upholding accounting standards with the Shariah principles.
Our Shariah Committee comprises the following Shariah Scholars:
Dr. Ashraf Bin Md Hashim
Dr. Ashraf is currently the CEO of ISRA Consultancy, Int. Shariah Research Academy for Islamic Finance and a Professor at International Centre of Education in Islamic Finance (INCEIF). He holds a PhD in Islamic Law from Birmingham University, U.K. MA, Fiqh and Usul al-Fiqh (Jordan) and BA, Shariah (Madinah). He is also a Chevening Fellow (2007) at the Oxford Centre for Islamic Studies, United Kingdom.
Dr. Ashraf is involved in several Shariah Advisory Boards, namely:
Current Positions
- Member, Shariah Committee, Securus Data Property Fund
- Chairman , Shariah Committee, Bursa Malaysia
- Member, Shariah Advisory Council, Securities Commission of Malaysia
- Member, National Fatwa Council, Malaysia
- Member, Shariah Advisory Council, Central Bank of Malaysia
- Member, Shariah Panel, British American Leasing Company, Mauritius
- Shariah Advisor, Sabana REIT, Singapore
- Shariah Advisor for Association of Islamic Banking Institutions, Malaysia
Mustazah Bahari
Mr. Mustazah is currently a PhD Candidate in Islamic Fiannce at International Islamic University Malaysia and holds a Masters in Usuluddin-al-Quran & Sunnah, UKM, Malaysia and BA (Hons) Shariah, Madina University. He has a certificate in Fatwa from Darul Ifta, Cairo.
Mr. Mustazah is involved in several Shariah Advisory Boards, namely:
Current Positions
- Member, Shariah Committee, Securus Data Property Fund
- Panel of Islamic Banking Terms Expert, Bank Negara
- Associate member of MUIS Fatwa Council
- Member of Appeal Court, MUIS
- Member of ASAS of Malaysia
Renowned as an astute investment manager, we have consistently achieved IRRs in excess of 18% p.a. for our managed strategies. This has been achieved by investing and executing opportunistic, value-added strategies across multiple markets and property cycles.